Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	Fiscal years ended June 30,
	2013			2012			2011			2010			2009
Earnings:
Income (loss) before income tax expense	$	8,736		$	4,463		$	3,098		$	2,762		$	(3,205	)
Add:
Equity (earnings)/loss from affiliates		(655	)		(636	)		(352	)		(353	)		377
Dividends received from affiliates		324			281			252			239			215
Fixed charges, excluding capitalized interest		1,217			1,186			1,125			1,163			1,091
Amortization of capitalized interest		42			37			44			62			34
Total earnings available for fixed charges	$	9,664		$	5,331		$	4,167		$	3,873		$	(1,488	)
Fixed charges:
Interest on debt and finance lease charges	$	1,063		$	1,032		$	962		$	999		$	924
Capitalized interest		41			42			44			44			55
Interest element on rental expense		154			154			163			164			167
Total fixed charges	$	1,258		$	1,228		$	1,169		$	1,207		$	1,146
Ratio of earnings to fixed charges		7.7			4.3			3.6			3.2			**

** Earnings did not cover fixed charges by $2.6 billion during the fiscal year ended June 30, 2009 due to non-cash impairment charges of $5.8 billion ($4.4 billion net of tax) consisting of a write-down of the Company’s indefinite-lived intangible assets (primarily FCC licenses in the Television segment) of $4.2 billion, a write-down of $1.6 billion of goodwill.