Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	Fiscal years ended June 30,
	2007			2006			2005			2004			2003
Earnings:
Income from continuing operations before income tax expense and minority interest in subsidiaries	$	5,306		$	4,405		$	3,561		$	2,755		$	1,643
Add:
Equity (earnings) losses from affiliates		(1,019	)		(888	)		(355	)		(170	)		344
Dividends received from affiliates		252			178			138			81			21
Fixed Charges, net of capitalized interest		1,016			910			845			797			747
Amortization of capitalized interest		34			44			48			40			35
Total earnings available for fixed charges	$	5,589		$	4,649		$	4,237		$	3,503		$	2,790
Fixed charges:
Interest on debt and finance lease charges, net of capitalized interest	$	843		$	792		$	737		$	684		$	674
Capitalized interest		24			28			31			42			26
Perpetual preference dividends paid		—			—			10			27			27
Interest element on rental expense		173			118			108			113			73
Total fixed charges	$	1,040		$	938		$	886		$	866		$	800
Ratio of earnings to fixed charges		5.4			5.0			4.8			4.0			3.5