EX-12 3 a2126503zex-12.htm EXHIBIT 12
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 12

METROMEDIA INTERNATIONAL GROUP, INC.
Ratio of Earnings to Fixed Charges
(in thousands)

 
  Years ended December 31,
 
 
  2002
  2001
  2000
  1999
  1998
 
 
  (restated)

   
   
   
   
 
EARNINGS:                                
Pretax (loss) income from continuing operations before minority interests and equity in losses of unconsolidated investees attributable to common stockholders   $ (69,319 ) $ (149,610 ) $ 7,569   $ (93,374 ) $ (106,740 )
Income distributions from less than fifty-percent-owned business ventures         1,187     154     776     1,964  
   
 
 
 
 
 
  Adjusted loss   $ (69,319 ) $ (148,423 ) $ 7,723   $ (92,608 ) $ (104,776 )
FIXED CHARGES:                                
Interest expense, including amortization of debt discount   $ 22,267   $ 20,972   $ 19,566   $ 5,182   $ 1,375  
Portion of rent expense representative of the interest factor     774     1,503     1,703     1,202     755  
Preferred stock divided requirement     16,274     15,008     15,008     15,008     15,008  
   
 
 
 
 
 
    Total fixed charges   $ 39,315   $ 37,483   $ 36,277   $ 21,392   $ 17,138  
   
 
 
 
 
 
Ratio of earnings to fixed charges     (A )   (A )   (A )   (A )   (A )

(A)
For purposes of this computation, earnings are defined as pre-tax earnings or loss from continuing operations of the Company before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees attributable to common stockholders plus (i) fixed charges and (ii) distributed income of equity investees. Fixed charges are the sum of (i) interest expensed and capitalized, (ii) amortization of deferred financing costs, premium and debt discounts, (iii) the portion of operating lease rental expense that is representative of the interest factor (deemed to be one-third) and (iv) dividends on preferred stock. The ratio of earnings to fixed charges of the Company was less than 1.00 for each of the years ended December 31, 2002, 2001, 2000, 1999 and 1998; thus, earnings available for fixed charges were inadequate to cover fixed charges for such periods. The deficiency in earnings to fixed charges for each of the years ended December 31, 2002, 2001, 2000, 1999 and 1998 were $108.6 million, $185.9 million, $28.6 million, $114.0 million and $121.9 million, respectively.


In addition, the Company has guaranteed the debt of certain of its business ventures. The interest expense associated with the debt that has been guaranteed by the Company was $0.4 million, $2.0 million, $1.7 million and $2.0 million for the years ended December 31, 2002, 2001, 2000 and 1999.



QuickLinks