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21st Century Fox Inc. reported what may be its final quarterly results before completing a $71 billion sale of assets to Walt Disney Co. and emerging as a smaller company focused on broadcasting, sports and news.

Profit rose to 52 cents a share, excluding some items, in the fiscal first quarter, matching the average of analysts' estimates. Sales rose but slightly trailed Wall Street projections of $7.23 billion.

The TV segment -- the Fox network and local stations that will remain under the new Fox -- was buoyed by political advertising and sports, two businesses controlling shareholder Rupert Murdoch and family are counting on to help carry the company.

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