Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the three months ended September 30,
	2013			2012
Earnings:
Income before income tax expense	$	1,076		$	2,611
Add:
Equity earnings from affiliates		(92	)		(129	)
Dividends received from affiliates		13			2
Fixed charges, excluding capitalized interest		307			296
Amortization of capitalized interest		11			12
Total earnings available for fixed charges	$	1,315		$	2,792
Fixed charges:
Interest on debt and finance lease charges	$	272		$	261
Capitalized interest		—			8
Interest element on rental expense		35			35
Total fixed charges	$	307		$	304
Ratio of earnings to fixed charges		4.3			9.2