EX-12.1 2 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 six months
ended December 31,
 
         2010             2009      

Earnings:

  

Income before income tax expense

   $ 1,884      $ 1,263   

Add:

    

Equity earnings from affiliates

     (161     (90

Dividends received from affiliates

     161        152   

Fixed charges, excluding capitalized interest

     571        629   

Amortization of capitalized interest

     26        36   
                

Total earnings available for fixed charges

   $ 2,481      $ 1,990   
                

Fixed charges:

    

Interest on debt and finance lease charges

   $ 462      $ 514   

Capitalized interest

     18        23   

Interest element on rental expense

     109        115   
                

Total fixed charges

   $ 589      $ 652   
                

Ratio of earnings to fixed charges

     4.2        3.1