Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	Fiscal years ended June 30,
	2009			2008			2007			2006			2005
Earnings:
(Loss) income from continuing operations before income tax expense and minority interest in subsidiaries	$	(5,539	)	$	7,321		$	5,306		$	4,405		$	3,561
Add:
Equity losses (earnings) from affiliates		309			(327	)		(1,019	)		(888	)		(355	)
Dividends received from affiliates		298			342			252			178			138
Fixed Charges, excluding capitalized interest		1,152			1,081			1,016			910			845
Amortization of capitalized interest		50			33			34			44			48
Total (losses) earnings available for fixed charges	$	(3,730	)	$	8,450		$	5,589		$	4,649		$	4,237
Fixed charges:
Interest on debt and finance lease charges	$	927		$	882		$	843		$	792		$	737
Capitalized interest		55			44			24			28			31
Perpetual preference dividends paid		—			—			—			—			10
Interest element on rental expense		225			199			173			118			108
Total fixed charges	$	1,207		$	1,125		$	1,040		$	938		$	886
Ratio of earnings to fixed charges		**			7.5			5.4			5.0			4.8

** Earnings do not cover fixed charges by $4.9 billion during the fiscal year ended June 30, 2009 due to non-cash impairment charge of $8.9 billion ($7.2 billion net of tax). (See Note 9 to the Consolidated Financial Statements of News Corporation for further discussion)