Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the six months ended December 31, 2016		For the fiscal years ended June 30,
			2016		2015			2014			2013			2012
Earnings:
Income from continuing operations before income tax expense	$	2,622	$	4,154	$	9,847		$	5,189		$	8,736		$	4,463
Add:
Equity losses (earnings) of affiliates		6		34		(904	)		(622	)		(655	)		(636	)
Cash distributions received from affiliates		184		351		352			358			324			281
Fixed charges, excluding capitalized interest		638		1,264		1,303			1,267			1,217			1,186
Amortization of capitalized interest		15		26		30			40			42			37
Total earnings available for fixed charges	$	3,465	$	5,829	$	10,628		$	6,232		$	9,664		$	5,331
Fixed charges:
Interest on debt and finance lease charges	$	599	$	1,184	$	1,198		$	1,121		$	1,063		$	1,032
Capitalized interest		9		24		26			28			41			42
Interest element on rental expense		39		80		105			146			154			154
Total fixed charges	$	647	$	1,288	$	1,329		$	1,295		$	1,258		$	1,228
Ratio of earnings to fixed charges		5.4		4.5		8.0			4.8			7.7			4.3