Twenty-First Century Fox (TFCF) 10-Q 2014 Q3 Quarterly report

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

	For the nine months ended March 31,
	2014			2013
Earnings:
Income from continuing operations before income tax expense	$	3,792		$	7,443
Add:
Equity earnings of affiliates		(430	)		(432	)
Dividends received from affiliates		223			192
Fixed charges, excluding capitalized interest		938			909
Amortization of capitalized interest		27			33
Total earnings available for fixed charges	$	4,550		$	8,145
Fixed charges:
Interest on debt and finance lease charges	$	830		$	802
Capitalized interest		21			29
Interest element on rental expense		108			107
Total fixed charges	$	959		$	938
Ratio of earnings to fixed charges		4.7			8.7