Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the three months ended September 30, 2014			For the fiscal years ended June 30,
				2014			2013			2012			2011			2010
Earnings:
Income from continuing operations before income tax expense	$	1,603		$	5,189		$	8,736		$	4,463		$	3,098		$	2,762
Add:
Equity earnings of affiliates		(379	)		(622	)		(655	)		(636	)		(352	)		(353	)
Dividends received from affiliates		3			358			324			281			252			239
Fixed charges, excluding capitalized interest		341			1,267			1,217			1,186			1,125			1,163
Amortization of capitalized interest		10			40			42			37			44			62
Total earnings available for fixed charges	$	1,578		$	6,232		$	9,664		$	5,331		$	4,167		$	3,873
Fixed charges:
Interest on debt and finance lease charges	$	305		$	1,121		$	1,063		$	1,032		$	962		$	999
Capitalized interest		5			28			41			42			44			44
Interest element on rental expense		36			146			154			154			163			164
Total fixed charges	$	346		$	1,295		$	1,258		$	1,228		$	1,169		$	1,207
Ratio of earnings to fixed charges		4.6			4.8			7.7			4.3			3.6			3.2