Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the six months ended  December 31,
	2013			2012
Earnings:
Income from continuing operations before income tax expense	$	2,434		$	4,138
Add:
Equity earnings of affiliates		(260	)		(300	)
Dividends received from affiliates		221			188
Fixed charges, excluding capitalized interest		617			595
Amortization of capitalized interest		20			24
Total earnings available for fixed charges	$	3,032		$	4,645
Fixed charges:
Interest on debt and finance lease charges	$	546		$	525
Capitalized interest		13			19
Interest element on rental expense		71			70
Total fixed charges	$	630		$	614
Ratio of earnings to fixed charges		4.8			7.6