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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Revenues:      
Advertising $ 2,860 $ 3,025 $ 3,349
Circulation and subscription 2,470 2,569 2,608
Consumer 1,573 1,578 1,594
Real estate 696 619 486
Other 540 501 487
Total Revenues 8,139 8,292 8,524
Operating expenses (4,529) (4,728) (4,952)
Selling, general and administrative (2,725) (2,722) (2,627)
NAM Group and Zillow settlements, net 0 (158) 0
Depreciation and amortization (449) (505) (498)
Impairment and restructuring charges (927) (89) (84)
Equity (losses) earnings of affiliates (295) 30 58
Interest, net 39 43 56
Other, net 132 18 75
(Loss) income from continuing operations before income tax (expense) benefit (615) 181 552
Income tax (expense) benefit [1] (28) 54 (185)
(Loss) income from continuing operations (643) 235 367
Income (loss) from discontinued operations, net of tax 0 15 (445)
Net (loss) income (643) 250 (78)
Less: Net income attributable to noncontrolling interests (95) (71) (69)
Net (loss) income attributable to News Corporation stockholders $ (738) $ 179 $ (147)
Basic and diluted (loss) income earnings per share:      
(Loss) income from continuing operations available to News Corporation stockholders per share $ (1.27) $ 0.28 $ 0.51
Income (loss) from discontinued operations available to News Corporation stockholders per share 0.00 0.02 (0.77)
Net (loss) income available to News Corporation stockholders per share (1.27) 0.30 (0.26)
Cash dividends declared per share of common stock $ 0.20 $ 0.20 $ 0.00
[1] The Company recognized a tax benefit of approximately $144 million upon reclassification of the Digital Education segment to discontinued operations in (Loss) income from discontinued operations, net of tax, in the Statement of Operations in fiscal year 2016. In addition, a tax benefit of $30 million related to the operations of the Digital Education segment was recorded to discontinued operations in (Loss) income from discontinued operations, net of tax, in the Statement of Operations in fiscal 2016. The tax expense (benefit) shown above excludes the tax benefit of the Company's digital education business. The Company will not have a current federal tax expense after accounting for the federal current tax benefits attributed to discontinued operations.