Exhibit 99.1

EARNINGS RELEASE FOR THE QUARTER ENDED MARCH 31, 2014

21ST CENTURY FOX REPORTS THIRD QUARTER TOTAL SEGMENT

OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION OF

$1.79 BILLION, A 14% INCREASE OVER THE PRIOR YEAR QUARTER ON

TOTAL REVENUE INCREASES OF 12%, AND INCOME FROM CONTINUING

OPERATIONS PER SHARE OF $0.47

NEW YORK, NY, May 7, 2014 – Twenty-First Century Fox Inc. (“21st Century Fox” or the “Company” – NASDAQ: FOXA, FOX) today reported $8.22 billion of total revenue for the three months ending March 31, 2014, an $866 million or 12% increase over the $7.35 billion of revenue reported in the prior year quarter⁽¹⁾. The growth in revenue was driven by a $338 million increase at the Television segment, led by the broadcast of Super Bowl XLVIII, and a $325 million or 11% increase at the Cable Network Programming segment, led by continued global affiliate revenue growth.

The Company reported third quarter total segment operating income before depreciation and amortization (“OIBDA”)⁽²⁾ of $1.79 billion, as compared to $1.57 billion reported a year ago, representing a $217 million or 14% increase. The OIBDA growth was led by increased contributions from the Cable Network Programming and Television segments.

The Company reported quarterly income from continuing operations attributable to stockholders of $1.07 billion ($0.47 per share), as compared to $2.53 billion ($1.09 per share) reported in the corresponding period of the prior year. Current year quarterly results included a $53 million increase in Depreciation and amortization expense principally resulting from the amortization of intangible assets related to the Company’s acquisition of a controlling ownership stake of Sky Deutschland AG (“Sky Deutschland”) in January 2013. The current year quarterly results also included $33 million of expense in Other, net, principally reflecting the completion of all terms related to the prior year sale of the Company’s ownership stake in NDS Group Ltd, as compared to income of $2.11 billion in the corresponding period of the prior year driven by the gain on the acquisition of the additional ownership stake in Sky Deutschland. Excluding the net income effects of Other, net, as well as the exclusion of gains from the Company’s participation in British Sky Broadcasting’s (“BSkyB”) share repurchase program included in Equity earnings of affiliates, third quarter adjusted earnings per share⁽³⁾ was $0.47, a $0.15 or 47% increase versus the adjusted prior year quarter result of $0.32.

Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said:

“We delivered strong results in the fiscal third quarter with double-digit revenue and earnings growth led by sustained gains in affiliate fees at our cable networks. The sizeable audiences of our live television events, led by the most watched Super Bowl in history, underscore the value of our investments in live sports programming, both in the US and internationally. This quarter’s continued solid operational and financial performance demonstrates the global leadership of our businesses and the long-term value we are creating for our shareholders.”

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		EARNINGS RELEASE FOR THE QUARTER ENDED MARCH 31, 2014

REVIEW OF SEGMENT OPERATING RESULTS

CABLE NETWORK PROGRAMMING

Cable Network Programming quarterly segment OIBDA increased 10% to $1.18 billion, driven by an 11% revenue increase led by affiliate revenue growth across our networks. This revenue growth was partially offset by a 12% increase in expenses, more than half of which reflects the planned investments related to the launches of new channels, including Fox Sports 1, STAR Sports and FXX. Segment OIBDA growth was also adversely impacted by 4% from foreign exchange rate fluctuations.

Domestic affiliate revenue grew 12% reflecting the combination of sustained growth at the regional sports networks (“RSNs”), FX Network and Fox News Channel and the contributions from the launches of Fox Sports 1 and FXX. Reported international affiliate revenue also increased 12% driven by strong local currency growth at the Fox International Channels (“FIC”), partially offset by a 9% adverse impact from the strengthened U.S. dollar, primarily in Latin America.

Domestic advertising revenue grew 8% in the quarter over the prior year period driven by solid growth at the FX Networks, Fox News Channel and RSNs. The growth at the FX Networks included increases related to the launch of FXX. Reported international advertising revenue increased 4% due to strong local currency growth at STAR and FIC, partially offset by a 10% adverse impact from the strengthened U.S. dollar, primarily in India and Latin America.

OIBDA from the domestic channels increased 13% from the corresponding period in the prior year, reflecting strong OIBDA growth at the FX Networks, RSNs and Fox News Channel. Reported quarterly OIBDA at the Company’s international cable channels’ declined 1% from the corresponding period of the prior year as strong local currency growth at FIC and the STAR entertainment channels was more than offset by investments in the STAR Sports channels and a 17% adverse impact from the strengthened U.S. dollar, primarily in Latin America and India.

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TELEVISION

Television reported quarterly segment OIBDA of $288 million, an increase of 32% as compared to the prior year quarter driven by 27% revenue growth reflecting increased advertising revenue and continued growth of retransmission consent revenues. Quarterly advertising revenues grew 30% from the corresponding period of the prior year driven by the broadcast of Super Bowl XLVIII and higher rates and ratings for the National Football League playoffs, partially offset by the impact from lower general entertainment ratings, led by declines at American Idol. The segment results also included higher costs associated with the broadcast of Super Bowl XLVIII and higher scripted programming and marketing costs.

FILMED ENTERTAINMENT

Filmed Entertainment reported quarterly segment OIBDA of $354 million, a 6% increase over the $334 million reported in the same period a year ago. This result reflects higher contributions from the television production businesses, led by higher SVOD revenues driven by the sale of series to Amazon, which included 24 and The Americans, and the syndication of Modern Family. This growth was partially offset by the timing of theatrical launch costs incurred in the quarter in advance of the successful worldwide theatrical release of Rio 2 in April, which has grossed nearly $400 million in worldwide box office to date.

DIRECT BROADCAST SATELLITE TELEVISION

DBS generated quarterly segment OIBDA of $58 million, compared to $91 million reported in the same period a year ago. The decrease in OIBDA reflects higher programming costs related to SKY Italia’s broadcast of the Sochi Olympics and Sky Deutschland’s exclusive broadcast of Bundesliga soccer, which commenced in the current fiscal year. The impact from the increased programming costs more than offset a $210 million or 16% increase in segment revenues driven by continued subscriber growth at Sky Deutschland and a 4% beneficial impact from the strengthened Euro. At SKY Italia, quarterly local currency revenue was consistent with the corresponding period of the prior year. Sky Deutschland grew net direct subscribers by approximately 64,000 during the quarter, bringing total direct subscribers to 3.73 million while SKY Italia’s subscriber base was essentially unchanged at 4.75 million.

REVIEW OF EQUITY EARNINGS (LOSSES) OF AFFILIATES’ RESULTS

The Company’s share of equity earnings (losses) of affiliates is as follows:

Quarterly equity earnings of affiliates was $170 million as compared to $132 million in the same period a year ago. The increased contributions from affiliates are primarily due to improved contributions from the YES Network and Hulu. The impact of the Company’s pre-tax gain related to its participation in BSkyB’s share repurchase increased from $11 million in the corresponding period of the prior year to $28 million in the current quarter.

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OTHER ITEMS

Share repurchases

On August 8, 2013, 21st Century Fox announced that its Board of Directors authorized the repurchase of $4 billion of Class A Common Stock, excluding commissions, which replaced the remaining authorized amount under the stock repurchase program. During the quarter, the Company repurchased 31.2 million shares of Class A Common Stock for $1.0 billion bringing the total fiscal year to date repurchase to 84.7 million shares of Class A Common Stock for $2.8 billion. As a result of the stock repurchase program, diluted weighted average Class A Common Stock outstanding of 2,256 million in this year’s quarter declined 3% from 2,330 million in the same period a year ago.

Acquisition of additional stake in YES Network

In February 2014, the Company acquired an additional 31% interest in the YES Network for approximately $680 million and funded approximately $160 million of additional upfront costs on behalf of YES Network. As a result of the acquisition, effective March 1, 2014, the Company consolidated the balance sheet and operating results of the YES Network, including approximately $1.7 billion in debt, as it has an 80% controlling interest.

Delisting from the Australian Securities Exchange

In March 2014, the Company received approval from its stockholders and subsequently the Australian Securities Exchange (the “ASX”) for removal of its full foreign listing from the ASX. On May 1, 2014, the ASX suspended trading of 21st Century Fox’s CHESS Depositary Interests on the ASX. Delisting from the ASX is expected to occur on May 8, 2014 and, effective as of that date, all of 21st Century Fox’s Class A and Class B Common Stock will be listed solely on the NASDAQ Global Select Market.

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To receive a copy of this press release through the Internet, access 21st Century Fox’s corporate Web site located at http://www.21cf.com.

Audio from 21st Century Fox’s conference call with analysts on the third quarter results can be heard live on the Internet at 4:30 p.m. Eastern Daylight Savings Time today. To listen to the call, visit http://www.21cf.com.

Cautionary Statement Concerning Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory factors. More detailed information about these and other factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, except as required by law.

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CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED STATEMENTS OF CASH FLOWS

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SEGMENT INFORMATION

CONSOLIDATED REVENUES BY COMPONENT

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NOTE 1 – TOTAL SEGMENT OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION

The Company evaluates the performance of its operating segments based on segment operating income before depreciation and amortization (“OIBDA”), and management uses total segment OIBDA as a measure of the performance of operating businesses separate from non-operating factors. Total segment OIBDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements. This measure excludes items, such as depreciation and amortization as well as impairment charges, which are significant components in assessing the Company’s financial performance.

Management believes that total segment OIBDA is an appropriate measure for evaluating the operating performance of the Company’s business and provides investors and equity analysts a measure to analyze operating performance of the Company’s business and enterprise value against historical data and competitors’ data. Segment OIBDA is the primary measure used by our chief operating decision maker to evaluate the performance of and allocate resources to the Company’s business segments.

Segment OIBDA does not include depreciation and amortization and the amortization of cable distribution investments and eliminates the variable effect across all business segments of depreciation and amortization. Depreciation and amortization expense includes the depreciation of property and equipment, as well as amortization of finite-lived intangible assets. Amortization of cable distribution investments represents a reduction against revenues over the term of a carriage arrangement and, as such, it is excluded from segment operating income before depreciation and amortization.

In addition, total segment OIBDA does not include: Impairment charges, discontinued operations, Equity earnings of affiliates, Interest expense, net, Interest income, Other, net, Income tax expense and Net income attributable to noncontrolling interests.

The following tables reconcile revenues to segment OIBDA and from OIBDA to Income from continuing operations before income tax expense:

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NOTE 2 – ADJUSTED INCOME AND EPS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO STOCKHOLDERS

The calculation of income and earnings per share (“EPS”) from continuing operations attributable to stockholders excluding Equity affiliate adjustments and “Other, net”, net of tax (“adjusted income and diluted EPS from continuing operations attributable to stockholders”) may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted income and diluted EPS from continuing operations attributable to stockholders are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income and EPS as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The Company uses adjusted income and diluted EPS from continuing operations attributable to stockholders to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period.

The following table reconciles reported income and reported diluted EPS from continuing operations attributable to stockholders to adjusted income and diluted EPS from continuing operations attributable to stockholders for the three months ended March 31, 2014 and 2013.

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