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Quarterly Data (Tables)
12 Months Ended
Jun. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

     For the three months ended  
     September 30,     December 31,      March 31,      June 30,  
     (in millions, except per share amounts)  

Fiscal 2014

          

Revenues

   $ 2,072      $ 2,238       $ 2,078       $ 2,186   

Net income

     38        166         61         29   

Net income attributable to News Corporation stockholders

     27        151         48         13   

Income available to News Corporation stockholders per
share—basic

   $ 0.05      $ 0.26       $ 0.08       $ 0.02   

Income available to News Corporation stockholders per
share—diluted

     0.05        0.26         0.08         0.02   

Fiscal 2013(a)

          

Revenues

   $ 2,133      $ 2,321       $ 2,180       $ 2,257   

Net (loss) income

     (83     1,411         332         (1,113

Net (loss) income attributable to News Corporation stockholders

     (92     1,399         323         (1,124

(Loss) income available to News Corporation stockholders per share—basic(b)

   $ (0.16   $ 2.42       $ 0.56       $ (1.94

(Loss) income available to News Corporation stockholders per share—diluted(b)

     (0.16     2.42         0.56         (1.94

 

(a) 

In the quarter ended December 31, 2012, the Company recorded a gain on the CMH transaction of approximately $1.3 billion (See Note 3—Acquisitions, Disposals and Other Transactions). In the quarter ended March 31, 2013, the Company recorded a gain on the sale of its investment in SKY Network Television Ltd. of $321 million (See Note 5—Investments). In the quarter ended June 30, 2013, the Company recorded impairment charges of approximately $1.4 billion. (See Note 7—Goodwill and Other Intangible Assets).

(b) 

The Separation was completed on June 28, 2013, and the Company issued 579 million shares of common stock. This initial share amount is being utilized for the calculation of both basic and diluted earnings 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 per share in the period subsequent to the Separation. (See Note 12—Earnings per Share).