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, 2005			For the six months ended December 31, 2004
Earnings:
Income from continuing operations before income tax expense and minority interest in subsidiaries	$	1,979		$	1,598
Add:
Equity earnings from affiliates		(346	)		(63	)
Dividends received from affiliates		82			52
Fixed Charges (excluding capitalized interest and perpetual preference dividends)		440			392
Amortization of capitalized interest		23			26
Total earnings available for fixed charges	$	2,178		$	2,005
Fixed charges:
Interest on debt and finance lease charges	$	385		$	344
Capitalized interest		13			18
Perpetual preference dividends paid		—			10
Interest element on rental expense		55			48
Total fixed charges	$	453		$	420
Ratio of earnings to fixed charges		4.8			4.8