Earnings (Loss) Per Share

3 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 6. EARNINGS (LOSS) PER SHARE

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

	For the three months ended September 30,
	2017			2016
	(in millions, except per share amounts)
Net income	$	87		$	—
Less: Net income attributable to noncontrolling interests		(19	)		(15	)
Net income (loss) available to News Corporation stockholders	$	68		$	(15	)
Weighted-average number of shares of common stock outstanding—basic		582.3			580.8
Dilutive effect of equity awards(a)		1.1			—
Weighted-average number of shares of common stock outstanding—diluted		583.4			580.8
Net income (loss) available to News Corporation stockholders per share—basic	$	0.12		$	(0.03	)
Net income (loss) available to News Corporation stockholders per share—diluted	$	0.12		$	(0.03	)

^(a) The dilutive impact of the Company’s PSUs, RSUs and stock options has been excluded from the calculation of diluted loss per share for the three months ended September 30, 2016 because their inclusion would have an antidilutive effect on the net loss per share.