Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	Fiscal years ended June 30,
	2008			2007			2006			2005			2004
Earnings:
Income from continuing operations before income tax expense and minority interest in subsidiaries	$	7,321		$	5,306		$	4,405		$	3,561		$	2,755
Add:
Equity earnings from affiliates		(327	)		(1,019	)		(888	)		(355	)		(170	)
Dividends received from affiliates		342			252			178			138			81
Fixed Charges (excluding capitalized interest)		1,081			1,016			910			845			797
Amortization of capitalized interest		33			34			44			48			40
Total earnings available for fixed charges	$	8,450		$	5,589		$	4,649		$	4,237		$	3,503
Fixed charges:
Interest on debt and finance lease charges	$	882		$	843		$	792		$	737		$	684
Capitalized interest		44			24			28			31			42
Perpetual preference dividends paid		—			—			—			10			27
Interest element on rental expense		199			173			118			108			113
Total fixed charges	$	1,125		$	1,040		$	938		$	886		$	866
Ratio of earnings to fixed charges		7.5			5.4			5.0			4.8			4.0