Twenty-First Century Fox 2007 Annual Report Download - page 39

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Selected Financial Data (continued)
(5) Class A common stock, par value $0.01 per share (“Class A Common Stock”) carry rights to a greater dividend than the
Company’s Class B common stock, par value $0.01 per share (“Class B Common Stock”) through fiscal 2007. As such, net
income available to the Company’s stockholders is allocated between the Class A Common Stock and Class B Common Stock.
The allocation between these classes of common stock was based upon the two-class method. See Notes 2 and 20 to the Con-
solidated Financial Statements of News Corporation for further discussion. Subsequent to the final fiscal 2007 dividend payment,
shares of Class A Common Stock will cease to carry any rights to a greater dividend than shares of Class B Common
Stock. Earnings per share based on the total weighted average shares outstanding (Class A Common Stock and Class B Common
Stock combined) are as follows:
For the years ended June 30, 2007 2006 2005(a) 2004 2003
Diluted earnings per share $1.08 $0.72 $0.69 $0.54 $0.31
(a) In March 2005, the Company’s acquisition of the interest of Fox Entertainment Group, Inc. (“FEG”) that it did not already
own was completed and a total of 357 million shares of Class A Common Stock were issued as consideration.
(6) The Company’s Board of Directors (the “Board”) currently declares an interim and final dividend each fiscal year. The final divi-
dend is determined by the Board subsequent to the fiscal year end. The total dividends declared related to fiscal 2007 results
were $0.12 per share of Class A Common Stock and $0.10 per share of Class B Common Stock. The total dividends declared
related to fiscal 2006 results were $0.12 per share of Class A Common Stock and $0.10 per share of Class B Common Stock.
(7) Each fiscal year presented prior to June 30, 2005 includes $345 million of perpetual preference shares outstanding, which were
redeemed at par by the Company in November 2004.
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