EX-12.1 3 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

    

For the three months ended

September 30,

  
     2006     2005  

Earnings:

     

Income before income tax expense, minority interest in subsidiaries and cumulative effect of accounting change

    $ 1,397     $ 978  

Add:

     

Equity earnings from affiliates

      (243 )     (186 )

Dividends received from affiliates

      14       15  

Fixed Charges (excluding capitalized interest)

      239       217  

Amortization of capitalized interest

      6       11  
                

Total earnings available for fixed charges

    $ 1,413     $ 1,035  
                

Fixed charges:

     

Interest on debt and finance lease charges

    $ 200     $ 189  

Capitalized interest

      4       5  

Interest element on rental expense

      39       28  
                

Total fixed charges

    $ 243     $ 222  
                

Ratio of earnings to fixed charges

      5.8       4.7