EX-12 6 file002.htm RATIO OF EARNINGS

EXHIBIT 12

THE NEW YORK TIMES COMPANY
Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
(Unaudited)


  For the
Six Months Ended
June 29, 2003
For the Years Ended
(In thousands, except ratio) December 29,
2002
December 30,
2001
December 31,
2000
December 26,
1999
December 27,
1998
Earnings from continuing operations before
fixed charges
Income before income taxes and income/loss
from joint ventures
$ 239,843   $ 504,433   $ 332,204   $ 637,830   $ 501,912   $ 454,423  
Distributed earnings from less than fifty-percent
owned affiliates
  4,101     6,459     14,859     19,375     13,061     18,192  
Adjusted pre-tax earnings from continuing
operations
  243,944     510,892     347,063     657,205     514,973     472,615  
Fixed charges less capitalized interest   29,745     60,023     64,069     80,876     63,313     56,029  
Earnings from continuing operations before fixed charges $ 273,689   $ 570,915   $ 411,132   $ 738,081   $ 578,286   $ 528,644  
Fixed charges
Interest expense, net of capitalized interest $ 24,218   $ 48,697   $ 51,405   $ 68,566   $ 52,503   $ 46,927  
Capitalized interest   1,917     1,662     459             173  
Portion of rentals representative of interest factor   5,527     11,326     12,664     12,310     10,810     9,102  
Total fixed charges $ 31,662   $ 61,685   $ 64,528   $ 80,876   $ 63,313   $ 56,202  
Ratio of earnings to fixed charges   8.64     9.26     6.37     9.13     9.13     9.41  
Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with this Form 10-Q, as well as the Company's Form 10-K for the period ended December 29, 2002.