EX-12 3 0003.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 THE NEW YORK TIMES COMPANY Ratio of Earnings to Fixed Charges (Dollars in thousands, except ratio) (Unaudited)
For the Three Months Ended For the Six Months Ended ------------------------------ ----------------------------- June 25, 2000 June 27, 1999 June 25, 2000 June 27, 1999 ------------- ------------- ------------- ------------- Earnings from continuing operations before fixed charges Income before income taxes and income from joint ventures $170,688 $142,020 $310,279 $245,365 Distributed earnings from less than fifty percent owned affiliates 4,642 2,000 7,345 3,475 -------- -------- -------- -------- Adjusted pre-tax earnings from continuing operations 175,330 144,020 317,624 248,840 Fixed charges 21,715 16,011 40,127 30,851 -------- -------- -------- -------- Earnings from continuing operations before fixed charges $197,045 $160,031 $357,751 $279,691 ======== ======== ======== ======== Fixed charges Interest expense $ 18,331 $ 13,387 $ 34,189 $ 25,723 Portion of rentals representative of interest factor 3,384 2,624 5,938 5,128 -------- -------- -------- -------- Total fixed charges $ 21,715 $ 16,011 $ 40,127 $ 30,851 ======== ======== ======== ======== Ratio of earnings to fixed charges 9.07 10.00 8.92 9.07 ======== ======== ======== ========