Earnings Per Share

12 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 12. EARNINGS PER SHARE

On the Distribution Date, approximately 579 million shares of News Corporation common stock were distributed to 21st Century Fox stockholders as of the Record Date and were outstanding as of June 30, 2013. This share amount is being utilized for the calculation of both basic and diluted earnings (loss) per share for all years presented prior to the Distribution Date as no News Corporation common stock or equity-based awards were outstanding prior to June 28, 2013.

The dilutive effect of the Company’s equity-based awards issued in connection with the Separation is included in the computation of diluted earnings (loss) per share in periods subsequent to the Separation.

	For the fiscal years ended June 30,
	2014			2013		2012
	(in millions, except per share amounts)
Net income (loss) attributable to News Corporation stockholders	$	239		$	506	$	(2,075	)
Less: Adjustments to Net income (loss) attributable to News Corporation stockholders
Redeemable preferred stock dividends(a)		(2	)		—		—
Net income (loss) available to News Corporation stockholders—basic and diluted	$	237		$	506	$	(2,075	)
Weighted-average number of shares of common stock outstanding—basic		579.0			578.8		578.8
Add: Effect of dilutive securities
Equity awards		0.7			0.6		—
Weighted-average number of shares of common stock outstanding— diluted		579.7			579.4		578.8
Net income (loss) per share available to News Corporation stockholders— basic	$	0.41		$	0.87	$	(3.58	)
Net income (loss) per share available to News Corporation stockholders—diluted	$	0.41		$	0.87	$	(3.58	)

^(a)  Refer to Note 9—Redeemable Preferred Stock