Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the three months ended September 30,
	2014			2013
Earnings:
Income from continuing operations before income tax expense	$	1,603		$	1,076
Add:
Equity earnings of affiliates		(379	)		(92	)
Dividends received from affiliates		3			13
Fixed charges, excluding capitalized interest		341			307
Amortization of capitalized interest		10			11
Total earnings available for fixed charges	$	1,578		$	1,315
Fixed charges:
Interest on debt and finance lease charges	$	305		$	272
Capitalized interest		5			-
Interest element on rental expense		36			35
Total fixed charges	$	346		$	307
Ratio of earnings to fixed charges		4.6			4.3