EX-12.1 4 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

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,
     2009      2008

Earnings:

      

Income before income tax expense

    $ 842       $ 717

Add:

      

Equity (earnings) losses from affiliates

      (32 )       359

Dividends received from affiliates

      16         30

Fixed charges, excluding capitalized interest

      304         279

Amortization of capitalized interest

      13         8
               

Total earnings available for fixed charges

    $ 1,143       $ 1,393
               

Fixed charges:

      

Interest on debt and finance lease charges

    $ 245       $ 221

Capitalized interest

      10         16

Interest element on rental expense

      59         58
               

Total fixed charges

    $ 314       $ 295
               

Ratio of earnings to fixed charges

      3.6         4.7