Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the nine months ended March 31,			For the fiscal years ended June 30,
	2011			2010			2009			2008			2007			2006
Earnings:
Income (loss) before income tax expense	$	2,823		$	3,323		$	(5,539	)	$	7,321		$	5,306		$	4,405
Add:
Equity (earnings) losses from affiliates		(272	)		(448	)		309			(327	)		(1,019	)		(888	)
Dividends received from affiliates		178			317			298			342			252			178
Fixed charges, excluding capitalized interest		870			1,214			1,152			1,081			1,016			910
Amortization of capitalized interest		40			73			50			33			34			44
Total earnings (losses) available for fixed charges	$	3,639		$	4,479		$	(3,730	)	$	8,450		$	5,589		$	4,649
Fixed charges:
Interest on debt and finance lease charges	$	706		$	991		$	927		$	882		$	843		$	792
Capitalized interest		30			44			55			44			24			28
Interest element on rental expense		164			223			225			199			173			118
Total fixed charges	$	900		$	1,258		$	1,207		$	1,125		$	1,040		$	938
Ratio of earnings to fixed charges		4.0			3.6			**			7.5			5.4			5.0

** Earnings did not cover fixed charges by $4.9 billion during the fiscal year ended June 30, 2009 due to non-cash impairment charges 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 November 3, 2010.)