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June 11, 1997

Los Angeles-based Ticketmaster Group Inc. reported fiscal first-quarter net income of $1.8 million, or 7 cents per share, ending April 30, compared with a net loss of $1.9 million, or 13 cents, in the year-ago quarter. . . . Alameda-based Ascend Communications Corp. said it received federal antitrust approval for its $3.1-billion acquisition of Cascade Communications Corp.

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