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Report of Independent Registered Public Accounting Firm on Financial Statements
To the Stockholders and Board of Directors of News Corporation:
We have audited the accompanying consolidated balance sheets of News Corporation as of June 30, 2007 and 2006, and the
related consolidated statements of operations, cash flows, and stockholders’ equity and other comprehensive income (loss) for each
of the three yearsinthe period ended June 30, 2007. Thesefinancial statements are the responsibility of the Company’s manage-
ment. Our responsibility is to express an opinion on these financial statements based on our audits.
We conductedouraudits in accordance with the standardsof the Public Company Accounting Oversight Board (United States).
Those standardsrequire that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are freeofmaterial misstatement. An audit includes examining, on atest basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audits provide areasonable
basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidatedfinancial posi-
tion of News Corporation at June 30, 2007 and 2006, and the consolidated results of their operations and their cash flows for each
of the three yearsinthe period ended June 30, 2007 in conformity with U.S. generally accepted accounting principles.
As discussed in Note 2to the financial statements, the Company changed its methods of accounting for stock based compensa-
tion andthevaluation of certain acquired identifiable intangible assets, effective July 1, 2005, and pension and other post-retirement
obligations, effective June 30, 2007.
We also have audited, in accordance with the standardsof the Public Company Accounting Oversight Board (United States), the
effectiveness of News Corporation’s internal control over financial reporting as of June 30, 2007, based on criteria established in
Internal Control-Integrated Framework issued by the CommitteeofSponsoring Organizations of the Treadway Commission and our
report dated August 23, 2007 expressed an unqualified opinion thereon.
NEWS CORPORATION 2007 Annual Report 67
New York, New York
August 23, 2007