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,			For the fiscal years ended June 30,
	2015			2015			2014			2013			2012			2011
Earnings:
Income from continuing operations before income tax expense	$	1,053		$	9,847		$	5,189		$	8,736		$	4,463		$	3,098
Add:
Equity earnings of affiliates		(35	)		(904	)		(622	)		(655	)		(636	)		(352	)
Cash distributions received from affiliates		6			352			358			324			281			252
Fixed charges, excluding capitalized interest		315			1,303			1,267			1,217			1,186			1,125
Amortization of capitalized interest		6			30			40			42			37			44
Total earnings available for fixed charges	$	1,345		$	10,628		$	6,232		$	9,664		$	5,331		$	4,167
Fixed charges:
Interest on debt and finance lease charges	$	295		$	1,198		$	1,121		$	1,063		$	1,032		$	962
Capitalized interest		3			26			28			41			42			44
Interest element on rental expense		20			105			146			154			154			163
Total fixed charges	$	318		$	1,329		$	1,295		$	1,258		$	1,228		$	1,169
Ratio of earnings to fixed charges		4.2			8.0			4.8			7.7			4.3			3.6