Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2015

Computation of Basic and Diluted Earnings Per Share


	For the three months ended March 31,				For the nine months ended March 31,
	2015		2014		2015			2014
	(in millions, except per share amounts)
Net income attributable to News Corporation stockholders	$	23	$	48	$	231		$	226
Redeemable preferred stock dividends ^(a)		—		—		(1	)		(1	)

Net income available to News Corporation stockholders - basic and diluted	$	23	$	48	$	230		$	225

Weighted-average number of shares of common stock outstanding - basic		581.8		579.0		580.5			578.9
Dilutive effect of equity awards		1.4		0.8		1.4			0.7

Weighted-average number of shares of common stock outstanding - diluted		583.2		579.8		581.9			579.6

Net income per share available to News Corporation stockholders - basic	$	0.04	$	0.08	$	0.40		$	0.39
Net income per share available to News Corporation stockholders - diluted	$	0.04	$	0.08	$	0.40		$	0.39

^(a)

In connection with the Separation, as defined below, Twenty-First Century Fox, Inc. (“21st Century Fox”) sold 4,000 shares of cumulative redeemable preferred stock with a par value of $5,000 per share of a newly formed U.S. subsidiary of the Company. The preferred stock pays dividends at a rate of 9.5% per annum, payable quarterly. The preferred stock is callable by the Company at any time after the fifth year and is puttable at the option of the holder after 10 years.