EX-12.1 4 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Media General, Inc. Computation of Ratio of Earnings to Fixed Charges
Quarter (in thousands) Year Ended Ended ----------------------------------------------------------------------------- ---------- December 29, December 28, December 27, December 26, December 31, April 1, 1996 1997 1998 1999 2000 2001 ----------------------------------------------------------------------------------------- Pretax income (loss) from continuing operations less income/loss from equity investments $58,692 $ 42,970 $ 52,629 $121,182 $ 97,795 $(4,220) Fixed charges 13,744 61,971 63,239 48,121 50,403 16,610 Amortization of capitalized interest - 38 38 38 38 10 Distributed income of equity investees 15,600 2,700 7,700 28,575 3,400 - less: Capitalized interest - (1,531) - - (6) (34) ----------------------------------------------------------------------------------------- Earnings $88,036 $106,148 $123,606 $197,916 $151,630 $12,366 ----------------------------------------------------------------------------------------- Interest expensed and capitalized (including amortization of premiums/discounts) $12,680 $ 60,662 $ 61,027 $ 45,014 $ 42,564 $14,021 Interest portion of rental expense 1,064 1,309 2,212 3,107 7,839 2,589 ----------------------------------------------------------------------------------------- Fixed Charges $13,744 $ 61,971 $ 63,239 $ 48,121 $ 50,403 $16,610 ----------------------------------------------------------------------------------------- Ratio of Earnings to Fixed Charges 6.41 1.71 1.95 4.11 3.01 NA/1/ =========================================================================================
/1/ For the quarter ended April 1, 2001, there was a deficiency in earnings of $4,244 to cover fixed charges.