Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the six months ended December 31,			For the fiscal years ended June 30,
	2009			2009			2008			2007			2006			2005
Earnings:
Income (loss) from continuing operations before income tax expense	$	1,263		$	(5,539	)	$	7,321		$	5,306		$	4,405		$	3,561
Add:
Equity (earnings) losses from affiliates		(90	)		309			(327	)		(1,019	)		(888	)		(355	)
Dividends received from affiliates		152			298			342			252			178			138
Fixed charges, excluding capitalized interest		629			1,152			1,081			1,016			910			845
Amortization of capitalized interest		36			50			33			34			44			48
Total earnings (losses) available for fixed charges	$	1,990		$	(3,730	)	$	8,450		$	5,589		$	4,649		$	4,237
Fixed charges:
Interest on debt and finance lease charges	$	514		$	927		$	882		$	843		$	792		$	737
Capitalized interest		23			55			44			24			28			31
Perpetual preference dividends paid		—			—			—			—			—			10
Interest element on rental expense		115			225			199			173			118			108
Total fixed charges	$	652		$	1,207		$	1,125		$	1,040		$	938		$	886
Ratio of earnings to fixed charges		3.1			**			7.5			5.4			5.0			4.8

**     Earnings do not cover fixed charges by $4.9 billion during the fiscal year ended June 30, 2009 due to the non-cash impairment charge of $8.9 billion ($7.2 billion, net of tax). (See Note 9 to the Consolidated Financial Statements of News Corporation contained in its Current Report on Form 8-K, filed February 12, 2010.)