(Loss) Earnings Per Share

12 Months Ended

Jun. 30, 2015

NOTE 12. (LOSS) 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 (loss) 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 (loss) earnings per share in periods subsequent to the Separation.


	For the fiscal years ended June 30,
	2015			2014			2013
	(in millions, except per share amounts)
Net (loss) income attributable to News Corporation stockholders	$	(147	)	$	239		$	506
Redeemable preferred stock dividends^(a)		(2	)		(2	)		—

Net (loss) income available to News Corporation stockholders—basic and diluted	$	(149	)	$	237		$	506

Weighted-average number of shares of common stock outstanding—basic		581.0			579.0			578.8
Dilutive effect of equity awards^(b)		—			0.7			0.6

Weighted-average number of shares of common stock outstanding—diluted		581.0			579.7			579.4

Net (loss) income per share available to News Corporation stockholders—basic	$	(0.26	)	$	0.41		$	0.87
Net (loss) income per share available to News Corporation stockholders—diluted	$	(0.26	)	$	0.41		$	0.87

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

^(b)	The dilutive impact of the Company’s PSUs, RSUs and stock options have been excluded from the calculation of diluted (loss) earnings per share for the fiscal year ended June 30, 2015 because their inclusion would have an antidilutive effect on the net loss per share.