EX-12.1 19 w81308exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Radio One, Inc.
Calculation of Ratio of Earnings to Fixed Charges

(in thousands of U.S. dollars except for ratios)
                                                         
    Nine Months Ended     Year Ended  
    September 30,     December 31,  
    2010     2009     2009     2008     2007     2006     2005  
Earnings:
                                                       
Income (loss) from continuing operations before provision for (benefit from) income taxes(1)
  $ 4,835     $ (26,173 )   $ (39,729 )   $ (336,716 )   $ (196,466 )   $ 38,499     $ 54,751  
Plus: fixed charges
    31,577       29,521       39,050       60,401       73,730       73,877       63,664  
 
                                         
Total
  $ 36,412     $ 3,348     $ (679 )   $ (276,315 )   $ (122,736 )   $ 112,376     $ 118,415  
 
                                         
 
                                                       
Fixed Charges:
                                                       
Interest expense
  $ 31,059     $ 29,036     $ 38,404     $ 59,689     $ 72,770     $ 72,932     $ 63,010  
Estimate of the interest within operating leases(2)
    518       485       646       712       960       945       654  
 
                                         
Total
  $ 31,577     $ 29,521     $ 39,050     $ 60,401     $ 73,730     $ 73,877     $ 63,664  
 
                                         
 
                                                       
Deficiency of earnings available to cover fixed charges
          26.2       39.7       336.7       196.5              
 
                                                       
Ratio of earnings to fixed charges)
    1.15       0.11                         1.52       1.86  
 
(1)   For purposes of calculating the ratio of earnings to fixed charges, earnings represent income (loss) before income taxes plus fixed charges.
 
(2)   For purposes of estimating interest within operating leases, an interest rate equal to the three month LIBOR plus a spread of 2.25% at the end of each period presented was utilized.