Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2014 and 2013 were as follows:

	As of June 30,
	2014		2013
	(in millions)
Intangible Assets Not Subject to Amortization
Newspaper Mastheads	$	317	$	317
Distribution Networks		397		397
Imprints		190		194
Other		4		16
Total intangible assets not subject to amortization		908		924
Intangible Assets Subject to Amortization
Channel Distribution Agreements(a)		471		476
Publishing Rights(b)		358		338
Customer Relationships(c)		352		387
Other(d)		48		61
Total intangible assets subject to amortization, net		1,229		1,262
Total Intangible assets, net	$	2,137	$	2,186

^(a)  Net of accumulated amortization of $33 million and $12 million as of June 30, 2014 and 2013, respectively. The average useful life of the channel distribution agreements is 25 years primarily based on the period that a majority of the future cash flows from these intangibles will be generated.

^(b)  Net of accumulated amortization of $94 million and $78 million as of June 30, 2014 and 2013, respectively. The average useful life of publishing rights is 20 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

^(c)  Net of accumulated amortization of $325 million and $282 million as of June 30, 2014 and 2013, respectively. The average useful life of customer relationships ranges from 2 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

^(d)  Net of accumulated amortization of $86 million and $70 million as of June 30, 2014 and 2013, respectively. The average useful life of other intangible assets ranges from 2 to 10 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	News and Information Services			Cable Network Programming			Digital Real Estate Services			Book Publishing			Digital Education		Other			Total Goodwill
	(in millions)
Balance, June 30, 2012	$	2,149		$	—		$	76		$	3		$	325	$	35		$	2,588
Acquisitions		30			657			—			67			—		—			754
Foreign currency movements		(18	)		(76	)		(6	)		—			—		1			(99	)
Impairments		(489	)		—			—			—			—		(5	)		(494	)
Dispositions		—			—			—			—			—		(24	)		(24	)
Other		7			—			—			—			—		(7	)		—
Balance, June 30, 2013	$	1,679		$	581		$	70		$	70		$	325	$	—		$	2,725
Acquisitions		19			—			12			2			—		—			33
Foreign currency movements		3			18			4			—			—		—			25
Impairments		—			—			—			—			—		—			—
Dispositions		—			—			—			(1	)		—		—			(1	)
Other		—			—			—			—			—		—			—
Balance, June 30, 2014	$	1,701		$	599		$	86		$	71		$	325	$	—		$	2,782