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,
	2012			2011
Earnings:
Income before income tax expense	$	2,555		$	1,063
Add:
Equity earnings from affiliates		(190	)		(121	)
Dividends received from affiliates		18			64
Fixed charges, excluding capitalized interest		319			311
Amortization of capitalized interest		12			13
Total earnings available for fixed charges	$	2,714		$	1,330
Fixed charges:
Interest on debt and finance lease charges	$	267		$	258
Capitalized interest		8			11
Interest element on rental expense		52			53
Total fixed charges	$	327		$	322
Ratio of earnings to fixed charges		8.3			4.1