EX-12.1 3 ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

Media General, Inc
Computation of Ratio of Earnings to Fixed Charges

 
 
 
(in thousands, except ratio)
 
Year ended
December 31,
2015
 
Year ended
December 31,
2014
 
Year ended
December 31,
2013
 
Year ended
December 31,
2012
 
Year ended
December 31,
2011
Pretax income (loss) from continuing operations less income/loss from equity investments
 
$
(35,041
)
 
$
153,126

 
$
16,679

 
$
56,343

 
$
12,474

Fixed charges
 
122,036

 
46,561

 
13,303

 
8,255

 
7,669

Amortization of capitalized interest
 
—

 
—

 
—

 
—

 
—

Distributed income of equity investees
 
—

 
—

 
—

 
—

 
—

less: Capitalized interest
 
—

 
—

 
—

 
—

 
—

Earnings
 
$
86,995


$
199,687


$
29,982


$
64,598


$
20,143

Interest expensed (including amortization of premiums/discounts)
 
119,644

 
45,703

 
12,687

 
7,830

 
7,240

Interest portion of rental expense
 
2,392

 
857

 
616

 
425

 
429

Fixed Charges
 
$
122,036


$
46,560


$
13,303


$
8,255


$
7,669

Ratio of Earnings to Fixed Charges
 
0.71

 
4.29

 
2.25

 
7.83

 
2.63