(Loss) Earnings Per Share

12 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

NOTE 13. (LOSS) EARNINGS PER SHARE

The following tables set forth the computation of basic and diluted (loss) earnings per share under ASC 260, “Earnings per Share”:

	For the fiscal years ended June 30,
	2017			2016			2015
	(in millions, except per share amounts)
(Loss) income from continuing operations	$	(643	)	$	235		$	367
Less: Net income attributable to noncontrolling interests		(95	)		(71	)		(69	)
Less: Redeemable preferred stock dividends(a)		(2	)		(2	)		(2	)
(Loss) income from continuing operations available to News Corporation stockholders		(740	)		162			296
Income (loss) from discontinued operations, net of tax, available to News Corporation stockholders		—			15			(445	)
Net (loss) income available to News Corporation stockholders	$	(740	)	$	177		$	(149	)
Weighted-average number of shares of common stock outstanding—basic		581.4			580.6			581.0
Dilutive effect of equity awards(b)		—			1.9			1.6
Weighted-average number of shares of common stock outstanding—diluted		581.4			582.5			582.6
(Loss) income from continuing operations available to News Corporation stockholders per share—basic and diluted	$	(1.27	)	$	0.28		$	0.51
Income (loss) from discontinued operations available to News Corporation stockholders per share—basic and diluted	$	—		$	0.02		$	(0.77	)
Net (loss) income available to News Corporation stockholders per share—basic and diluted	$	(1.27	)	$	0.30		$	(0.26	)

^(a)  Refer to Note 10—Redeemable Preferred Stock

^(b)  The dilutive impact of the Company’s PSUs, RSUs and stock options has been excluded from the calculation of diluted (loss) earnings per share for the fiscal year ended June 30, 2017 because their inclusion would have an antidilutive effect on the net loss per share.