Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Advertising	$ 702	$ 748	$ 1,372	$ 1,418
Circulation and subscription	637	595	1,288	1,216
Consumer	453	450	839	824
Real estate	222	185	425	357
Other	166	138	314	266
Total Revenues	2,180	2,116	4,238	4,081
Operating expenses	(1,139)	(1,126)	(2,288)	(2,283)
Selling, general and administrative	(712)	(665)	(1,372)	(1,343)
Depreciation and amortization	(100)	(120)	(197)	(240)
Impairment and restructuring charges	(12)	(356)	(27)	(376)
Equity losses of affiliates	(18)	(238)	(28)	(253)
Interest, net	1	15	7	22
Other, net	(31)	123	(23)	140
Income (loss) before income tax (expense) benefit	169	(251)	310	(252)
Income tax (expense) benefit	(235)	32	(289)	33
Net (loss) income	(66)	(219)	21	(219)
Less: Net income attributable to noncontrolling interests	(17)	(70)	(36)	(85)
Net loss attributable to News Corporation stockholders	$ (83)	$ (289)	$ (15)	$ (304)
Basic and diluted loss per share:
Net loss available to News Corporation stockholders per share	$ (0.14)	$ (0.50)	$ (0.03)	$ (0.52)
Cash dividends declared per share of common stock	$ 0.00	$ 0.00	$ 0.10	$ 0.10

Consumer revenues relate to the revenues derived from the sale of products to consumers (i.e., book sales).

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Revenue generated through the sale of real estate listing products to agents, brokers and developers.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.

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