News (NWS) 10-Q 13 Nov 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	NWS
Entity Registrant Name	NEWS CORP
Entity Central Index Key	1,564,708
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		382,991,582
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		199,630,240

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Advertising	$ 670	$ 670
Circulation and subscription	651	621
Consumer	386	374
Real estate	203	172
Other	148	128
Total Revenues	2,058	1,965
Operating expenses	(1,149)	(1,157)
Selling, general and administrative	(660)	(678)
Depreciation and amortization	(97)	(120)
Restructuring charges	(15)	(20)
Equity losses of affiliates	(10)	(15)
Interest, net	6	7
Other, net	8	17
Income (loss) before income tax (expense) benefit	141	(1)
Income tax (expense) benefit	(54)	1
Net income	87	0
Less: Net income attributable to noncontrolling interests	(19)	(15)
Net income (loss) attributable to News Corporation stockholders	$ 68	$ (15)
Basic and diluted earnings (loss) per share:
Net income (loss) available to News Corporation stockholders per share	$ 0.12	$ (0.03)
Cash dividends declared per share of common stock	$ 0.10	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income		$ 87	$ 0
Other comprehensive income:
Foreign currency translation adjustments		134	56
Unrealized holding losses on securities	[1]	(13)	(26)
Benefit plan adjustments	[2]	(6)	11
Share of other comprehensive income from equity affiliates	[3]	1	2
Other comprehensive income		116	43
Comprehensive income		203	43
Less: Net income attributable to noncontrolling interests		(19)	(15)
Less: Other comprehensive income attributable to noncontrolling interests		(4)	(2)
Comprehensive income attributable to News Corporation stockholders		$ 180	$ 26
[1]	Net of income tax benefit of $6 million and $10 million for the three months ended September 30, 2017 and 2016, respectively.
[2]	Net of income tax (benefit) expense of ($2) million and $3 million for the three months ended September 30, 2017 and 2016, respectively.
[3]	Net of income tax expense of nil and $1 million for the three months ended September 30, 2017 and 2016, respectively.

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Unrealized holding losses on securities, income tax benefit	$ 6	$ 10
Benefit plan adjustments, income tax (benefit) expense	(2)	3
Share of other comprehensive income from equity affiliates, income tax expense		$ 1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents		$ 1,877	$ 2,016
Receivables, net		1,365	1,276
Other current assets		526	523
Total current assets		3,768	3,815
Non-current assets:
Investments		2,044	2,027
Property, plant and equipment, net		1,636	1,624
Intangible assets, net		2,301	2,281
Goodwill		3,922	3,838
Deferred income tax assets		553	525
Other non-current assets		438	442
Total assets		14,662	14,552
Current liabilities:
Accounts payable		235	222
Accrued expenses		1,146	1,204
Deferred revenue		448	426
Other current liabilities		588	600
Total current liabilities		2,417	2,452
Non-current liabilities:
Borrowings		281	276
Retirement benefit obligations		313	319
Deferred income tax liabilities		73	61
Other non-current liabilities		362	351
Commitments and contingencies
Equity
Additional paid-in capital		12,340	12,395
Accumulated deficit		(581)	(648)
Accumulated other comprehensive loss		(852)	(964)
Total News Corporation stockholders' equity		10,913	10,789
Noncontrolling interests		283	284
Total equity		11,196	11,073
Total liabilities and equity		14,662	14,552
Redeemable Preferred Stock [Member]
Non-current liabilities:
Redeemable preferred stock		20	20
Class A Common Stock [Member]
Equity
Common stock	[1]	4	4
Class B Common Stock [Member]
Equity
Common stock	[2]	$ 2	$ 2
[1]	Class A common stock, $0.01 par value per share ("Class A Common Stock"), 1,500,000,000 shares authorized, 382,976,281 and 382,294,262 shares issued and outstanding, net of 27,368,413 treasury shares at par at September 30, 2017 and June 30, 2017, respectively.
[2]	Class B common stock, $0.01 par value per share ("Class B Common Stock"), 750,000,000 shares authorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at September 30, 2017 and June 30, 2017, respectively.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Jun. 30, 2017
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued, net of treasury stock	382,976,281	382,294,262
Common stock outstanding, net of treasury stock	382,976,281	382,294,262
Common stock, treasury shares	27,368,413	27,368,413
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued, net of treasury stock	199,630,240	199,630,240
Common stock outstanding, net of treasury stock	199,630,240	199,630,240
Common stock, treasury shares	78,430,424	78,430,424

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating activities:
Net income	$ 87	$ 0
Less: Income from discontinued operations, net of tax	0	0
Income from continuing operations	87	0
Adjustments to reconcile income from continuing operations to cash used in operating activities:
Depreciation and amortization	97	120
Equity losses of affiliates	10	15
Other, net	(8)	(17)
Deferred income taxes and taxes payable	6	(35)
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(73)	(64)
Inventories, net	(16)	(16)
Accounts payable and other liabilities	(107)	(21)
NAM Group settlement	0	(250)
Net cash used in operating activities from continuing operations	(4)	(268)
Net cash used in operating activities from discontinued operations	0	(3)
Net cash used in operating activities	(4)	(271)
Investing activities:
Capital expenditures	(62)	(49)
Changes in restricted cash for Wireless Group acquisition	0	315
Acquisitions, net of cash acquired	(54)	(283)
Investments in equity affiliates and other	(12)	0
Proceeds from property, plant and equipment and other asset dispositions	0	24
Other, net	7	(18)
Net cash used in investing activities from continuing operations	(121)	(11)
Net cash used in investing activities from discontinued operations	0	0
Net cash used in investing activities	(121)	(11)
Financing activities:
Repayment of borrowings acquired in Wireless Group acquisition	0	(23)
Dividends paid	(21)	(18)
Other, net	(10)	(18)
Net cash used in financing activities from continuing operations	(31)	(59)
Net cash used in financing activities from discontinued operations	0	0
Net cash used in financing activities	(31)	(59)
Net decrease in cash and cash equivalents	(156)	(341)
Cash and cash equivalents, beginning of period	2,016	1,832
Exchange movement on opening cash balance	17	8
Cash and cash equivalents, end of period	$ 1,877	$ 1,499

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION News Corporation (together with its subsidiaries, “News Corporation,” “News Corp,” the “Company,” “we,” or “us”) is a global diversified media and information services company comprised of businesses across a range of media, including: news and information services, book publishing, digital real estate services, cable network programming in Australia and pay-TV Basis of Presentation The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. Investments in which the Company is not able to exercise significant influence over the investee are designated as available-for-sale The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying Consolidated Financial Statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, in the third quarter of fiscal 2017, the Company revised the Statements of Cash Flows to present cash flow activities from discontinued operations within each of the operating, investing and financing activities categories. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2018 and fiscal 2017 include 52 weeks. All references to the three months ended September 30, 2017 and 2016 relate to the three months ended October 1, 2017 and October 2, 2016, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of September 30. Recently Issued Accounting Pronouncements Adopted In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, 2016-09”). 2016-09 2016-09 In October 2016, the FASB issued ASU 2016-16, 2016-16”). 2016-16 2016-16 2016-16, Issued In May 2014, FASB issued ASU 2014-09, 2014-09”). 2014-09 2015-14, 2014-09 2014-09 The FASB has also issued several standards which provide additional clarification and implementation guidance on the previously issued ASU 2014-09 The Company is currently evaluating the overall impact that ASU 2014-09 In January 2016, the FASB issued ASU 2016-01, 825-10): 2016-01”). 2016-01 2016-01 available-for-sale 2016-01, available-for-sale 2016-01 In February 2016, the FASB issued ASU 2016-02, 2016-02”). 2016-02 2016-02 right-of-use 2016-02 2016-02 In March 2017, the FASB issued ASU 2017-07, 2017-07”). 2017-07 715-30-35-4 715-60-35-9 2017-07 2017-07

Acquisitions, Disposals and Oth

Acquisitions, Disposals and Other Transactions	3 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions, Disposals and Other Transactions	NOTE 2. ACQUISITIONS, DISPOSALS AND OTHER TRANSACTIONS Smartline Home Loans Pty Limited In July 2017, REA Group acquired an 80.3% interest in Smartline Home Loans Pty Limited (“Smartline”) for approximately A$70 million in cash (approximately $55 million). The minority shareholders have the option to sell the remaining 19.7% interest to REA Group beginning three years after closing at a price dependent on the financial performance of Smartline. If the option is not exercised, the minority interest will become mandatorily redeemable four years after closing. As a result, REA Group recognized a liability of $12 million in the three months ended September 30, 2017 for the present value of the amount expected to be paid for the remaining interest based on the formula specified in the acquisition agreement. Smartline is one of Australia’s premier mortgage broking franchise groups, and the acquisition provides REA Group’s financial services business with greater scale and capability. Under the acquisition method of accounting, the total consideration is allocated to net tangible assets and identifiable intangible assets based upon the fair value as of the date of completion of the acquisition. The excess of the total consideration over the fair value of the net tangible assets and identifiable intangible assets acquired was recorded as goodwill. The acquired intangible assets of approximately $19 million primarily relate to customer relationships which have a useful life of 16 years. The Company recorded approximately $47 million of goodwill on the transaction. The values assigned to the acquired assets and liabilities are based on preliminary estimates of fair value available as of the date of this filing and may be adjusted upon completion of final valuations of certain assets and liabilities. Any changes in these fair values could potentially result in an adjustment to the goodwill recorded for this transaction. Smartline is a subsidiary of REA Group, and its results are included within the Digital Real Estate Services segment.

Restructuring Charges

Restructuring Charges	3 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring Charges	NOTE 3. RESTRUCTURING CHARGES During the three months ended September 30, 2017 and 2016, the Company recorded restructuring charges of $15 million and $20 million, respectively, of which $14 million and $19 million, respectively, related to the News and Information Services segment. The restructuring charges recorded in fiscal 2018 and 2017 were for employee termination benefits. Changes in restructuring program liabilities were as follows: For the three months ended September 30, 2017 2016 One time Facility Other Total One time Facility Other Total (in millions) Balance, beginning of period $ 33 $ 6 $ 10 $ 49 $ 33 $ 5 $ 6 $ 44 Additions 15 — — 15 20 — — 20 Payments (23 ) — — (23 ) (22 ) — — (22 ) Other — (1 ) — (1 ) (1 ) — — (1 ) Balance, end of period $ 25 $ 5 $ 10 $ 40 $ 30 $ 5 $ 6 $ 41 As of September 30, 2017, restructuring liabilities of approximately $28 million were included in the Balance Sheet in Other current liabilities and $12 million were included in Other non-current

Investments

Investments	3 Months Ended
	Sep. 30, 2017
Investments Schedule [Abstract]
Investments	NOTE 4. INVESTMENTS The Company’s investments were comprised of the following: Ownership as of September 30, As of As of June 30, (in millions) Equity method investments: Foxtel (a) 50% $ 1,610 $ 1,208 Other equity method investments (b) various 140 133 Loan receivable from Foxtel (a) N/A — 370 Available-for-sale (c) various 81 97 Cost method investments (d) various 213 219 Total Investments $ 2,044 $ 2,027 (a) In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and pro rata capital contributions made by Foxtel shareholders in the form of subordinated shareholder notes based on their respective ownership interests. The Company’s share of the subordinated shareholder notes was approximately A$481 million ($370 million) as of June 30, 2017. During the three months ended September 30, 2017, Foxtel’s shareholders made pro-rata (b) Other equity method investments primarily include Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com. (c) Available-for-sale (d) Cost method investments primarily include the Company’s investment in SEEKAsia Limited and certain investments in China. The Company measures the fair market values of available-for-sale available-for-sale As of As of (in millions) Cost basis of available-for-sale $ 100 $ 99 Accumulated gross unrealized gain — — Accumulated gross unrealized loss (a) (19 ) (2 ) Fair value of available-for-sale $ 81 $ 97 Net deferred tax asset $ 5 $ 1 (a) The fair values of the Company’s available-for-sale Equity Losses of Affiliates The Company’s equity losses of affiliates were as follows: For the three months ended 2017 2016 (in millions) Foxtel (a) $ (5 ) $ (11 ) Other equity affiliates, net (5 ) (4 ) Total Equity losses of affiliates $ (10 ) $ (15 ) (a) In accordance with ASC 350, “Intangibles—Goodwill and Other”, the Company amortized $17 million and $19 million, respectively, related to excess cost over the Company’s proportionate share of its investment’s underlying net assets allocated to finite-lived intangible assets during the three months ended September 30, 2017 and 2016. Such amortization is reflected in Equity losses of affiliates in the Statements of Operations. Summarized financial information for Foxtel, presented in accordance with U.S. GAAP, was as follows: For the three months ended 2017 2016 (in millions) Revenues $ 633 $ 618 Operating income (a) 63 91 Net income 24 16 (a) Includes Depreciation and amortization of $59 million and $52 million for the three months ended September 30, 2017 and 2016, respectively. Operating income before depreciation and amortization was $122 million and $143 million for the three months ended September 30, 2017 and 2016, respectively.

Equity

Equity	3 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	NOTE 5. EQUITY The following table summarizes changes in equity: For the three months ended September 30, 2017 2016 News Noncontrolling Total News Noncontrolling Total (in millions) Balance, beginning of period $ 10,789 $ 284 $ 11,073 $ 11,564 $ 218 $ 11,782 Net income (loss) 68 19 87 (15 ) 15 — Other comprehensive income 112 4 116 41 2 43 Dividends (59 ) (21 ) (80 ) (59 ) (18 ) (77 ) Other 3 (3 ) — (1 ) (1 ) (2 ) Balance, end of period $ 10,913 $ 283 $ 11,196 $ 11,530 $ 216 $ 11,746 Stock Repurchases In May 2013, the Company’s Board of Directors (the “Board of Directors”) authorized the Company to repurchase up to an aggregate of $500 million of its Class A Common Stock. On May 10, 2015, the Company announced it had begun repurchasing shares of Class A Common Stock under the stock repurchase program. No stock repurchases were made during the three months ended September 30, 2017. Through November 3, 2017, the Company repurchased approximately 5.2 million shares of Class A Common Stock for an aggregate cost of approximately $71 million. The remaining authorized amount under the stock repurchase program as of November 3, 2017 was approximately $429 million. All decisions regarding any future stock repurchases are at the sole discretion of a duly appointed committee of the Board of Directors and management. The committee’s decisions regarding future stock repurchases will be evaluated from time to time in light of many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the committee may deem relevant. The stock repurchase authorization may be modified, extended, suspended or discontinued at any time by the Board of Directors and the Board of Directors cannot provide any assurances that any additional shares will be repurchased. Dividends In August 2017, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 18, 2017 to stockholders of record at the close of business on September 13, 2017. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.

Earnings (Loss) Per Share

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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7. COMMITMENTS AND CONTINGENCIES Commitments The Company has commitments under certain firm contractual arrangements (“firm commitments”) to make future payments. These firm commitments secure the future rights to various assets and services to be used in the normal course of operations. The Company’s commitments as of September 30, 2017 have not changed significantly from the disclosures included in the 2017 Form 10-K. Contingencies The Company routinely is involved in various legal proceedings, claims and governmental inspections or investigations, including those discussed below. The outcome of these matters and claims is subject to significant uncertainty, and the Company often cannot predict what the eventual outcome of pending matters will be or the timing of the ultimate resolution of these matters. Fees, expenses, fines, penalties, judgments or settlement costs which might be incurred by the Company in connection with the various proceedings could adversely affect its results of operations and financial condition. The Company establishes an accrued liability for legal claims when it determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. Legal fees associated with litigation and similar proceedings are expensed as incurred. Except as otherwise provided below, for the contingencies disclosed for which there is at least a reasonable possibility that a loss may be incurred, the Company was unable to estimate the amount of loss or range of loss. The Company recognizes gain contingencies when the gain becomes realized or realizable. News America Marketing Valassis Communications, Inc. On November 8, 2013, Valassis Communications, Inc. (“Valassis”) initiated legal proceedings against the Company and/or certain of its subsidiaries alleging violations of various antitrust laws. These proceedings are described in further detail below. • Valassis previously initiated an action against News America Incorporated (“NAI”), News America Marketing FSI L.L.C. (“NAM FSI”) and News America Marketing In-Store In-Store No. 2:06-cv-10240 Valassis subsequently filed a Notice of Violation of the order issued by the District Court in Valassis I (the “Notice”). The Notice re-asserted re-opened • On November 8, 2013, Valassis also filed a new complaint in the U.S. District Court for the Eastern District of Michigan against News Corporation and the NAM Parties (together, the “NAM Group”) alleging violations of federal and state antitrust laws and common law business torts (“Valassis II”). The complaint sought treble damages, injunctive relief and attorneys’ fees and costs. On December 19, 2013, the NAM Group filed a motion to dismiss the newly filed complaint, and on March 30, 2016, the District Court ordered that Valassis’s bundling and tying claims be dismissed without prejudice to Valassis’s rights to pursue relief for those claims in Valassis I and that all remaining claims in the NAM Group’s motion to dismiss be referred to the Antitrust Expert Panel. The District Court further ordered that the case be administratively closed and that it may be re-opened The Antitrust Expert Panel was convened and, on February 8, 2017, recommended that Valassis I be dismissed and the NAM Group’s counterclaims in Valassis II be dismissed with leave to replead three of the four counterclaims. The NAM Group filed an amended counterclaim on February 27, 2017. Valassis did not object to the Antitrust Expert Panel’s recommendation to dismiss Valassis I, but it filed motions with the District Court asserting that the referral of Valassis II to the Antitrust Expert Panel was no longer valid and seeking either to re-open In-Store On February 29, 2016, the parties agreed to settle the litigation in the N.Y. District Court in which The Dial Corporation, Henkel Consumer Goods, Inc., H.J. Heinz Company, H.J. Heinz Company, L.P., Foster Poultry Farms, Smithfield Foods, Inc., HP Hood LLC and BEF Foods, Inc. alleged various claims under federal and state antitrust law against the NAM Group. Pursuant to the terms of the settlement, the NAM Group paid the settlement amount of approximately $250 million during the quarter ended September 30, 2016, and the litigation was subsequently dismissed with prejudice. The NAM Group also settled related claims for approximately $30 million in February 2016. U.K. Newspaper Matters Civil claims have been brought against the Company with respect to, among other things, voicemail interception and inappropriate payments to public officials at the Company’s former publication, The News of the World The Sun In connection with the separation of the Company’s businesses (the “Separation”) from 21st Century Fox on June 28, 2013 (the “Distribution Date”), the Company and 21st Century Fox agreed in the Separation and Distribution Agreement that 21st Century Fox would indemnify the Company for payments made after the Distribution Date arising out of civil claims and investigations relating to the U.K. Newspaper Matters as well as legal and professional fees and expenses paid in connection with the previously concluded criminal matters, other than fees, expenses and costs relating to employees (i) who are not directors, officers or certain designated employees or (ii) with respect to civil matters, who are not co-defendants after-tax The net benefit (expense) related to the U.K. Newspaper Matters in Selling, general and administrative expenses was $43 million and ($2) million for the three months ended September 30, 2017 and 2016, respectively. As of September 30, 2017, the Company has provided for its best estimate of the liability for the claims that have been filed and costs incurred, including liabilities associated with employment taxes, and has accrued approximately $63 million, of which approximately $59 million will be indemnified by 21st Century Fox, and a corresponding receivable was recorded in Other current assets on the Balance Sheet as of September 30, 2017. The net benefit for the three months ended September 30, 2017 and the accrual and receivable recorded as of that date reflect a $46 million impact from the reversal of a portion of the Company’s previously accrued liability and the corresponding receivable from 21st Century Fox as the result of an agreement reached with the relevant tax authority with respect to certain employment taxes. It is not possible to estimate the liability or corresponding receivable for any additional claims that may be filed given the information that is currently available to the Company. If more claims are filed and additional information becomes available, the Company will update the liability provision and corresponding receivable for such matters. The Company is not able to predict the ultimate outcome or cost of the civil claims. It is possible that these proceedings and any adverse resolution thereof could damage its reputation, impair its ability to conduct its business and adversely affect its results of operations and financial condition. Other The Company’s tax returns are subject to on-going

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8. INCOME TAXES At the end of each interim period, the Company estimates the annual effective tax rate and applies that rate to its ordinary quarterly earnings. The tax expense or benefit related to significant, unusual or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effects of changes in enacted tax laws or rates or tax status are recognized in the interim period in which the change occurs. The Company’s effective income tax rate for the three months ended September 30, 2017 was higher than the U.S. statutory tax rate, primarily due to valuation allowances being recorded against tax benefits in certain foreign jurisdictions with operating losses. Management assesses available evidence to determine whether sufficient future taxable income will be generated to permit the use of existing deferred tax assets. Based on management’s assessment of available evidence, it has been determined that it is more likely than not that deferred tax assets in certain foreign jurisdictions may not be realized and therefore, a valuation allowance has been established against those tax assets. The Company’s effective income tax rate for the three months ended September 30, 2016 was higher than the U.S. statutory tax rate, primarily due to non-taxable pre-tax The Company’s tax returns are subject to on-going

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	NOTE 9. SEGMENT INFORMATION The Company manages and reports its businesses in the following five segments: • News and Information Services The Wall Street Journal Barron ’ s The Australian, The Daily Telegraph, Herald Sun The Courier Mail , The Times, The Sunday Times, The Sun The Sun on Sunday New York Post in-store • Book Publishing The Hobbit Goodnight Moon To Kill a Mockingbird, Jesus Calling Hillbilly Elegy • Digital Real Estate Services Move is a leading provider of online real estate services in the U.S. and primarily operates realtor.com ® SM for Buyers and Advantage SM Pro products. Move also offers a number of professional software and services products, including Top Producer ® ® and ListHub TM . The Company owns an 80% interest in Move, with the remaining 20% being held by REA Group. • Cable Network Programming ANC, acquired in December 2016, operates the SKY NEWS network, Australia’s 24-hour • Other Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest, net, other, net, income tax (expense) benefit and net income attributable to noncontrolling interests. Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of Segment EBITDA. Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). For the three months ended 2017 2016 (in millions) Revenues: News and Information Services $ 1,241 $ 1,222 Book Publishing 401 389 Digital Real Estate Services 271 226 Cable Network Programming 145 128 Other — — Total revenues 2,058 1,965 Segment EBITDA: News and Information Services $ 73 $ 46 Book Publishing 50 48 Digital Real Estate Services 95 67 Cable Network Programming 27 14 Other 4 (45 ) Depreciation and amortization (97 ) (120 ) Restructuring charges (15 ) (20 ) Equity losses of affiliates (10 ) (15 ) Interest, net 6 7 Other, net 8 17 Income (loss) before income tax (expense) benefit 141 (1 ) Income tax (expense) benefit (54 ) 1 Net income $ 87 $ — As of As of (in millions) Total assets: News and Information Services $ 6,170 $ 6,142 Book Publishing 1,868 1,845 Digital Real Estate Services 2,351 2,307 Cable Network Programming 1,219 1,194 Other (a) 1,010 1,037 Investments 2,044 2,027 Total assets $ 14,662 $ 14,552 (a) The Other segment primarily includes Cash and cash equivalents. As of As of (in millions) Goodwill and intangible assets, net: News and Information Services $ 2,960 $ 2,952 Book Publishing 845 835 Digital Real Estate Services 1,494 1,420 Cable Network Programming 924 912 Other — — Total goodwill and intangible assets, net $ 6,223 $ 6,119

Additional Financial Informatio

Additional Financial Information	3 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Information	NOTE 10. ADDITIONAL FINANCIAL INFORMATION Receivables, net Receivables are presented net of an allowance for returns and doubtful accounts, which is an estimate of amounts that may not be collectible. In determining the allowance for returns, management analyzes historical returns, current economic trends and changes in customer demand and acceptance of the Company’s products. Based on this information, management reserves a certain portion of revenues that provide the customer with the right of return. The allowance for doubtful accounts is estimated based on historical experience, receivable aging, current economic trends and specific identification of certain receivables that are at risk of not being collected. Receivables, net consist of: As of As of (in millions) Receivables $ 1,570 $ 1,484 Allowance for sales returns (164 ) (166 ) Allowances for doubtful accounts (41 ) (42 ) Receivables, net $ 1,365 $ 1,276 The Company’s receivables did not contain significant concentrations of credit risk as of September 30, 2017 or June 30, 2017 due to the wide variety of customers, markets and geographic areas to which the Company’s products and services are sold. Other Current Assets The following table sets forth the components of Other current assets: As of As of (in millions) Inventory (a) $ 225 $ 208 Amounts due from 21st Century Fox 59 82 Prepayments and other current assets 242 233 Total Other current assets $ 526 $ 523 (a) Inventory at September 30, 2017 and June 30, 2017 was primarily comprised of books, newsprint and programming rights. Other Non-Current The following table sets forth the components of Other non-current As of As of (in millions) Royalty advances to authors $ 298 $ 298 Other 140 144 Total Other non-current $ 438 $ 442 Other Current Liabilities The following table sets forth the components of Other current liabilities: As of As of (in millions) Current tax payable $ 26 $ 39 Royalties and commissions payable 179 152 Current portion of long-term debt 105 103 Other 278 306 Total Other current liabilities $ 588 $ 600 Other, net The following table sets forth the components of Other, net: For the three months ended 2017 2016 (in millions) Gain on sale of available-for-sale $ — $ 6 Gain on sale of equity method investments — 6 Gain on sale of cost method investments 6 4 Other, net 2 1 Total Other, net $ 8 $ 17

Description of Business and B18

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. Investments in which the Company is not able to exercise significant influence over the investee are designated as available-for-sale The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying Consolidated Financial Statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, in the third quarter of fiscal 2017, the Company revised the Statements of Cash Flows to present cash flow activities from discontinued operations within each of the operating, investing and financing activities categories. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2018 and fiscal 2017 include 52 weeks. All references to the three months ended September 30, 2017 and 2016 relate to the three months ended October 1, 2017 and October 2, 2016, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of September 30.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, 2016-09”). 2016-09 2016-09 In October 2016, the FASB issued ASU 2016-16, 2016-16”). 2016-16 2016-16 2016-16, Issued In May 2014, FASB issued ASU 2014-09, 2014-09”). 2014-09 2015-14, 2014-09 2014-09 The FASB has also issued several standards which provide additional clarification and implementation guidance on the previously issued ASU 2014-09 The Company is currently evaluating the overall impact that ASU 2014-09 In January 2016, the FASB issued ASU 2016-01, 825-10): 2016-01”). 2016-01 2016-01 available-for-sale 2016-01, available-for-sale 2016-01 In February 2016, the FASB issued ASU 2016-02, 2016-02”). 2016-02 2016-02 right-of-use 2016-02 2016-02 In March 2017, the FASB issued ASU 2017-07, 2017-07”). 2017-07 715-30-35-4 715-60-35-9 2017-07 2017-07

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Schedule of Changes in Restructuring Program Liabilities	Changes in restructuring program liabilities were as follows: For the three months ended September 30, 2017 2016 One time Facility Other Total One time Facility Other Total (in millions) Balance, beginning of period $ 33 $ 6 $ 10 $ 49 $ 33 $ 5 $ 6 $ 44 Additions 15 — — 15 20 — — 20 Payments (23 ) — — (23 ) (22 ) — — (22 ) Other — (1 ) — (1 ) (1 ) — — (1 ) Balance, end of period $ 25 $ 5 $ 10 $ 40 $ 30 $ 5 $ 6 $ 41

Investments (Tables)

Investments (Tables)	3 Months Ended
	Sep. 30, 2017
Investments Schedule [Abstract]
Schedule of Investments	The Company’s investments were comprised of the following: Ownership as of September 30, As of As of June 30, (in millions) Equity method investments: Foxtel (a) 50% $ 1,610 $ 1,208 Other equity method investments (b) various 140 133 Loan receivable from Foxtel (a) N/A — 370 Available-for-sale (c) various 81 97 Cost method investments (d) various 213 219 Total Investments $ 2,044 $ 2,027 (a) In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and pro rata capital contributions made by Foxtel shareholders in the form of subordinated shareholder notes based on their respective ownership interests. The Company’s share of the subordinated shareholder notes was approximately A$481 million ($370 million) as of June 30, 2017. During the three months ended September 30, 2017, Foxtel’s shareholders made pro-rata (b) Other equity method investments primarily include Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com. (c) Available-for-sale (d) Cost method investments primarily include the Company’s investment in SEEKAsia Limited and certain investments in China.
Schedule of Available-for-Sale Securities	The cost basis, unrealized gains, unrealized losses and fair market value of available-for-sale As of As of (in millions) Cost basis of available-for-sale $ 100 $ 99 Accumulated gross unrealized gain — — Accumulated gross unrealized loss (a) (19 ) (2 ) Fair value of available-for-sale $ 81 $ 97 Net deferred tax asset $ 5 $ 1 (a) The fair values of the Company’s available-for-sale
Schedule of Equity Losses of Affiliates	The Company’s equity losses of affiliates were as follows: For the three months ended 2017 2016 (in millions) Foxtel (a) $ (5 ) $ (11 ) Other equity affiliates, net (5 ) (4 ) Total Equity losses of affiliates $ (10 ) $ (15 ) (a) In accordance with ASC 350, “Intangibles—Goodwill and Other”, the Company amortized $17 million and $19 million, respectively, related to excess cost over the Company’s proportionate share of its investment’s underlying net assets allocated to finite-lived intangible assets during the three months ended September 30, 2017 and 2016. Such amortization is reflected in Equity losses of affiliates in the Statements of Operations.
Schedule of Summarized Financial Information	Summarized financial information for Foxtel, presented in accordance with U.S. GAAP, was as follows: For the three months ended 2017 2016 (in millions) Revenues $ 633 $ 618 Operating income (a) 63 91 Net income 24 16 (a) Includes Depreciation and amortization of $59 million and $52 million for the three months ended September 30, 2017 and 2016, respectively. Operating income before depreciation and amortization was $122 million and $143 million for the three months ended September 30, 2017 and 2016, respectively.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Summary of Changes in Equity	The following table summarizes changes in equity: For the three months ended September 30, 2017 2016 News Noncontrolling Total News Noncontrolling Total (in millions) Balance, beginning of period $ 10,789 $ 284 $ 11,073 $ 11,564 $ 218 $ 11,782 Net income (loss) 68 19 87 (15 ) 15 — Other comprehensive income 112 4 116 41 2 43 Dividends (59 ) (21 ) (80 ) (59 ) (18 ) (77 ) Other 3 (3 ) — (1 ) (1 ) (2 ) Balance, end of period $ 10,913 $ 283 $ 11,196 $ 11,530 $ 216 $ 11,746

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted 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.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated	Segment EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). For the three months ended 2017 2016 (in millions) Revenues: News and Information Services $ 1,241 $ 1,222 Book Publishing 401 389 Digital Real Estate Services 271 226 Cable Network Programming 145 128 Other — — Total revenues 2,058 1,965 Segment EBITDA: News and Information Services $ 73 $ 46 Book Publishing 50 48 Digital Real Estate Services 95 67 Cable Network Programming 27 14 Other 4 (45 ) Depreciation and amortization (97 ) (120 ) Restructuring charges (15 ) (20 ) Equity losses of affiliates (10 ) (15 ) Interest, net 6 7 Other, net 8 17 Income (loss) before income tax (expense) benefit 141 (1 ) Income tax (expense) benefit (54 ) 1 Net income $ 87 $ —
Reconciliation of Assets from Segments to Consolidated	Total assets: News and Information Services $ 6,170 $ 6,142 Book Publishing 1,868 1,845 Digital Real Estate Services 2,351 2,307 Cable Network Programming 1,219 1,194 Other (a) 1,010 1,037 Investments 2,044 2,027 Total assets $ 14,662 $ 14,552 (a) The Other segment primarily includes Cash and cash equivalents.
Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated	Goodwill and intangible assets, net: News and Information Services $ 2,960 $ 2,952 Book Publishing 845 835 Digital Real Estate Services 1,494 1,420 Cable Network Programming 924 912 Other — — Total goodwill and intangible assets, net $ 6,223 $ 6,119

Additional Financial Informat24

Additional Financial Information (Tables)	3 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Components of Receivables, Net	Receivables, net consist of: As of As of (in millions) Receivables $ 1,570 $ 1,484 Allowance for sales returns (164 ) (166 ) Allowances for doubtful accounts (41 ) (42 ) Receivables, net $ 1,365 $ 1,276
Components of Other Current Assets	The following table sets forth the components of Other current assets: As of As of (in millions) Inventory (a) $ 225 $ 208 Amounts due from 21st Century Fox 59 82 Prepayments and other current assets 242 233 Total Other current assets $ 526 $ 523 (a) Inventory at September 30, 2017 and June 30, 2017 was primarily comprised of books, newsprint and programming rights.
Components of Other Non-Current Assets	The following table sets forth the components of Other non-current As of As of (in millions) Royalty advances to authors $ 298 $ 298 Other 140 144 Total Other non-current $ 438 $ 442
Components of Other Current Liabilities	The following table sets forth the components of Other current liabilities: As of As of (in millions) Current tax payable $ 26 $ 39 Royalties and commissions payable 179 152 Current portion of long-term debt 105 103 Other 278 306 Total Other current liabilities $ 588 $ 600
Components of Other, Net	The following table sets forth the components of Other, net: For the three months ended 2017 2016 (in millions) Gain on sale of available-for-sale $ — $ 6 Gain on sale of equity method investments — 6 Gain on sale of cost method investments 6 4 Other, net 2 1 Total Other, net $ 8 $ 17

Description of Business and B25

Description of Business and Basis of Presentation - Additional Information (Detail) $ in Millions	Sep. 30, 2017USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Available-for-sale securities	$ 81
Available-for-sale securities, net unrealized losses	$ (19)

Acquisitions, Disposals and O26

Acquisitions, Disposals and Other Transactions - Additional Information (Detail) AUD in Millions, $ in Millions	Jul. 31, 2017USD ($)	Jul. 31, 2017AUD	Jul. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)
Schedule Of Business Acquisitions And Divestitures [Line Items]
Goodwill				$ 3,922	$ 3,838
Smartline Home Loans Pty Limited [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Business acquisition, acquired interest percentage	80.30%		80.30%
Business acquisition, cost of acquired entity, cash paid	$ 55	AUD 70
Non-controlling ownership percentage	19.70%		19.70%
Option to sell minority interest, period				3 years
Minority interest ownership mandatorily redeemable period after closing				4 years
Amount expected to be paid for remaining interest				$ 12
Goodwill	$ 47		$ 47
Smartline Home Loans Pty Limited [Member] | Customer Relationships [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Business acquisition purchase price allocation, intangible assets	$ 19		$ 19
Finite lived intangible assets, weighted average useful life			16 years

Restructuring Charges - Additio

Restructuring Charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 15	$ 20
Other Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, current	28
Other Non-Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, non-current	12
News and Information Services [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 14	$ 19

Restructuring Charges - Schedul

Restructuring Charges - Schedule of Changes in Restructuring Program Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	$ 49	$ 44
Additions	15	20
Payments	(23)	(22)
Other	(1)	(1)
Restructuring Liabilities, Ending Balance	40	41
One Time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	33	33
Additions	15	20
Payments	(23)	(22)
Other	0	(1)
Restructuring Liabilities, Ending Balance	25	30
Facility Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	6	5
Additions	0	0
Payments	0	0
Other	(1)	0
Restructuring Liabilities, Ending Balance	5	5
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	10	6
Additions	0	0
Payments	0	0
Other	0	0
Restructuring Liabilities, Ending Balance	$ 10	$ 6

Investments - Schedule of Inves

Investments - Schedule of Investments (Detail) AUD in Millions, $ in Millions		Sep. 30, 2017USD ($)		Jun. 30, 2017USD ($)		Jun. 30, 2017AUD
Schedule of Investments [Line Items]
Available-for-sale securities	[1]	$ 81		$ 97
Cost method investments	[2]	213		219
Total Investments		2,044		2,027
Foxtel [Member]
Schedule of Investments [Line Items]
Equity method investment carrying value	[3]	1,610		1,208
Loan receivable from Foxtel		$ 0	[3]	370	[3]	AUD 481
Equity method investment, ownership percentage	[3]	50.00%
Other Equity Method Investments [Member]
Schedule of Investments [Line Items]
Equity method investment carrying value	[4]	$ 140		$ 133
[1]	Available-for-sale securities primarily include the Company's investment in HT&E Limited (formerly APN News and Media Limited), which operates a portfolio of Australian radio and outdoor media assets.
[2]	Cost method investments primarily include the Company's investment in SEEKAsia Limited and certain investments in China.
[3]	In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and pro rata capital contributions made by Foxtel shareholders in the form of subordinated shareholder notes based on their respective ownership interests. The Company's share of the subordinated shareholder notes was approximately A$481 million ($370 million) as of June 30, 2017. During the three months ended September 30, 2017, Foxtel's shareholders made pro-rata capital contributions to Foxtel by way of promissory notes. The Company's share of the capital contributions was A$494 million ($388 million) as at September 28, 2017, and the Company's investment in Foxtel increased by this amount. Foxtel utilized the shareholders' capital contributions to repay its subordinated shareholder notes and interest accrued in the three months ended September 30, 2017. As a result, such notes were considered to be repaid as of September 30, 2017.
[4]	Other equity method investments primarily include Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com.

Investments - Schedule of Inv30

Investments - Schedule of Investments (Parenthetical) (Detail) - Foxtel [Member] AUD in Millions, $ in Millions	Sep. 28, 2017USD ($)	Sep. 28, 2017AUD	Sep. 30, 2017USD ($)	[1]	Jun. 30, 2017USD ($)	[1]	Jun. 30, 2017AUD
Schedule of Investments [Line Items]
Loan receivable from Foxtel			$ 0		$ 370		AUD 481
Equity method investment additional capital contribution	$ 388	AUD 494
[1]	In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and pro rata capital contributions made by Foxtel shareholders in the form of subordinated shareholder notes based on their respective ownership interests. The Company's share of the subordinated shareholder notes was approximately A$481 million ($370 million) as of June 30, 2017. During the three months ended September 30, 2017, Foxtel's shareholders made pro-rata capital contributions to Foxtel by way of promissory notes. The Company's share of the capital contributions was A$494 million ($388 million) as at September 28, 2017, and the Company's investment in Foxtel increased by this amount. Foxtel utilized the shareholders' capital contributions to repay its subordinated shareholder notes and interest accrued in the three months ended September 30, 2017. As a result, such notes were considered to be repaid as of September 30, 2017.

Investments - Schedule of Avail

Investments - Schedule of Available-for-Sale Securities (Detail) - USD ($) $ in Millions		Sep. 30, 2017	Jun. 30, 2017
Investments Schedule [Abstract]
Cost basis of available-for-sale securities		$ 100	$ 99
Accumulated gross unrealized gain		0	0
Accumulated gross unrealized loss	[1]	(19)	(2)
Fair value of available-for-sale securities	[2]	81	97
Net deferred tax asset		$ 5	$ 1
[1]	The fair values of the Company's available-for-sale securities in an unrealized loss position have been less than their cost basis for a period of less than twelve months.
[2]	Available-for-sale securities primarily include the Company's investment in HT&E Limited (formerly APN News and Media Limited), which operates a portfolio of Australian radio and outdoor media assets.

Investments - Schedule of Equit

Investments - Schedule of Equity Losses of Affiliates (Detail) - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Schedule of Equity Method Investments [Line Items]
Total Equity losses of affiliates		$ (10)	$ (15)
Foxtel [Member]
Schedule of Equity Method Investments [Line Items]
Total Equity losses of affiliates	[1]	(5)	(11)
Other Equity Affiliates, Net [Member]
Schedule of Equity Method Investments [Line Items]
Total Equity losses of affiliates		$ (5)	$ (4)
[1]	In accordance with ASC 350, "Intangibles-Goodwill and Other", the Company amortized $17 million and $19 million, respectively, related to excess cost over the Company's proportionate share of its investment's underlying net assets allocated to finite-lived intangible assets during the three months ended September 30, 2017 and 2016. Such amortization is reflected in Equity losses of affiliates in the Statements of Operations.

Investments - Schedule of Equ33

Investments - Schedule of Equity Losses of Affiliates (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Foxtel [Member] | Equity (Losses) Earnings of Affiliates [Member]
Schedule of Equity Method Investments [Line Items]
Amortization of excess basis allocated to finite-lived intangible assets	$ 17	$ 19

Investments - Schedule of Summa

Investments - Schedule of Summarized Financial Information (Detail) - Foxtel [Member] - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Schedule of Equity Method Investments [Line Items]
Revenues		$ 633	$ 618
Operating income	[1]	63	91
Net income		$ 24	$ 16
[1]	Includes Depreciation and amortization of $59 million and $52 million for the three months ended September 30, 2017 and 2016, respectively. Operating income before depreciation and amortization was $122 million and $143 million for the three months ended September 30, 2017 and 2016, respectively.

Investments - Schedule of Sum35

Investments - Schedule of Summarized Financial Information (Parenthetical) (Detail) - Foxtel [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Schedule of Equity Method Investments [Line Items]
Depreciation and amortization	$ 59	$ 52
Operating income before depreciation and amortization	$ 122	$ 143

Equity - Summary of Changes in

Equity - Summary of Changes in Equity (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Changes In Equity [Line Items]
Balance, beginning of period	$ 11,073	$ 11,782
Net income (loss)	87	0
Other comprehensive income	116	43
Dividends	(80)	(77)
Other	0	(2)
Balance, end of period	11,196	11,746
News Corporation Stockholders [Member]
Changes In Equity [Line Items]
Balance, beginning of period	10,789	11,564
Net income (loss)	68	(15)
Other comprehensive income	112	41
Dividends	(59)	(59)
Other	3	(1)
Balance, end of period	10,913	11,530
Noncontrolling Interests [Member]
Changes In Equity [Line Items]
Balance, beginning of period	284	218
Net income (loss)	19	15
Other comprehensive income	4	2
Dividends	(21)	(18)
Other	(3)	(1)
Balance, end of period	$ 283	$ 216

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	Nov. 03, 2017	Aug. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	May 31, 2013
Class of Stock [Line Items]
Cash dividends declared per share of common stock			$ 0.10	$ 0.10
Cash dividends per common share, date of dividend payable		Oct. 18, 2017
Cash dividends per common share, date of record for dividend		Sep. 13, 2017
Subsequent Event [Member]
Class of Stock [Line Items]
Remaining authorized amount under stock repurchase program	$ 429,000,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Aggregate amount of shares authorized to be repurchased					$ 500,000,000
Number of shares repurchased			0
Cash dividends declared per share of common stock		$ 0.10
Class A Common Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Number of shares repurchased	5,200,000
Aggregate cost of shares repurchased	$ 71,000,000
Class B Common Stock [Member]
Class of Stock [Line Items]
Cash dividends declared per share of common stock		$ 0.10

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income		$ 87	$ 0
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	[1]	1.1	0
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)
[1]	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.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 29, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017
Loss Contingencies [Line Items]
Litigation amount payment to plaintiffs			$ 250
Litigation settlement	$ 30
Selling, general and administrative expenses, net		$ 660	678
Other current assets		526		$ 523
U.K. Newspaper Matters [Member]
Loss Contingencies [Line Items]
Selling, general and administrative expenses, net		43	$ 2
Litigation liability accrued		63
Impact due to reversal of previous accrued liability due to settlement with tax authority		46
U.K. Newspaper Matters Indemnification [Member] | 21st Century Fox [Member]
Loss Contingencies [Line Items]
Other current assets		$ 59

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income taxes paid	$ 48	$ 34

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2017CountryBrandDistributorSegment
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	5
Book Publishing [Member]
Segment Reporting Information [Line Items]
Number of countries | Country	18
Book Publishing [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Number of branded publishing imprints | Brand	120
Digital Real Estate Services [Member] | REA Group Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	61.60%
Digital Real Estate Services [Member] | Move Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	80.00%
Ownership percentage held by REA Group	20.00%
Cable Network Programming [Member]
Segment Reporting Information [Line Items]
Number of television channels distribution | Distributor	8

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 2,058	$ 1,965
Depreciation and amortization	(97)	(120)
Restructuring charges	(15)	(20)
Equity losses of affiliates	(10)	(15)
Interest, net	6	7
Other, net	8	17
Income (loss) before income tax (expense) benefit	141	(1)
Income tax (expense) benefit	(54)	1
Net income	87	0
News and Information Services [Member]
Segment Reporting Information [Line Items]
Revenues	1,241	1,222
Segment EBITDA	73	46
Restructuring charges	(14)	(19)
Book Publishing [Member]
Segment Reporting Information [Line Items]
Revenues	401	389
Segment EBITDA	50	48
Digital Real Estate Services [Member]
Segment Reporting Information [Line Items]
Revenues	271	226
Segment EBITDA	95	67
Cable Network Programming [Member]
Segment Reporting Information [Line Items]
Revenues	145	128
Segment EBITDA	27	14
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment EBITDA	$ 4	$ (45)

Segment Information - Reconci43

Segment Information - Reconciliation of Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions		Sep. 30, 2017	Jun. 30, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Investments		$ 2,044	$ 2,027
Total assets		14,662	14,552
News and Information Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		6,170	6,142
Book Publishing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		1,868	1,845
Digital Real Estate Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,351	2,307
Cable Network Programming [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		1,219	1,194
Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ 1,010	$ 1,037
[1]	The Other segment primarily includes Cash and cash equivalents.

Segment Information - Reconci44

Segment Information - Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	$ 6,223	$ 6,119
News and Information Services [Member]
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	2,960	2,952
Book Publishing [Member]
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	845	835
Digital Real Estate Services [Member]
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	1,494	1,420
Cable Network Programming [Member]
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	924	912
Other [Member]
Segment Reporting Information [Line Items]
Total goodwill and intangible assets, net	$ 0	$ 0

Additional Financial Informat45

Additional Financial Information - Components of Receivables, Net (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Receivables [Abstract]
Receivables	$ 1,570	$ 1,484
Allowance for sales returns	(164)	(166)
Allowances for doubtful accounts	(41)	(42)
Receivables, net	$ 1,365	$ 1,276

Additional Financial Informat46

Additional Financial Information - Components of Other Current Assets (Detail) - USD ($) $ in Millions		Sep. 30, 2017	Jun. 30, 2017
Assets, Current [Abstract]
Inventory	[1]	$ 225	$ 208
Amounts due from 21st Century Fox		59	82
Prepayments and other current assets		242	233
Total Other current assets		$ 526	$ 523
[1]	Inventory at September 30, 2017 and June 30, 2017 was primarily comprised of books, newsprint and programming rights.

Additional Financial Informat47

Additional Financial Information - Components of Other Non-Current Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Assets, Noncurrent [Abstract]
Royalty advances to authors	$ 298	$ 298
Other	140	144
Total Other non-current assets	$ 438	$ 442

Additional Financial Informat48

Additional Financial Information - Components of Other Current Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Liabilities, Current [Abstract]
Current tax payable	$ 26	$ 39
Royalties and commissions payable	179	152
Current portion of long-term debt	105	103
Other	278	306
Total Other current liabilities	$ 588	$ 600

Additional Financial Informat49

Additional Financial Information - Components of Other, Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Gain on sale of available-for-sale securities	$ 0	$ 6
Gain on sale of equity method investments	0	6
Gain on sale of cost method investments	6	4
Other, net	2	1
Total Other, net	$ 8	$ 17