NEWS CORP — Director's Dealing 2017

Jan 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEWS CORP (NWS)
CIK: 0001564708
Period of Report: 2017-01-03

Reporting Person: AZNAR JOSE MARIA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-03	Class A Common Stock	M	4098	—	Acquired	5185	Direct
2017-01-03	Class A Common Stock	D	4098	$11.69	Disposed	1087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Deferred Stock Units	$	M	4098	Disposed		Class A Common Stock (4098)	Direct
2017-01-03	Deferred Stock Units	$	A	3100	Acquired		Class A Common Stock (3100)	Direct

Footnotes

F1: The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of News Corporation's Class A Common Stock.

F2: Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.

F3: The deferred stock units became payable in cash on January 3, 2017, the first trading day of the quarter five years following the grant.

F4: Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director. Deferred stock units were previously reported separately based on their payable dates.

F5: The deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.