EX-12 2 a2157389zex-12.htm EXHIBIT 12
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Exhibit 12


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

 
   
  For the Years Ended
 
  For the
Quarter Ended
March 27,
2005

 
  December 26,
2004

  December 28,
2003

  December 29,
2002

  December 30,
2001

  December 31,
2000

 
  (In thousands, except ratio)

Earnings from continuing operations before fixed charges                                    
Income from continuing operations before income taxes, minority interest and income/loss from joint ventures   $ 195,074   $ 476,405   $ 508,070   $ 504,433   $ 332,204   $ 637,830
Distributed earnings from less than fifty-percent owned affiliates         14,990     9,299     6,459     14,859     19,375
   
 
 
 
 
 
Adjusted pre-tax earnings from continuing operations     195,074     491,395     517,369     510,892     347,063     657,205
Fixed charges less capitalized interest     17,770     55,151     57,752     60,023     64,069     80,876
   
 
 
 
 
 
Earnings from continuing operations before fixed charges   $ 212,844   $ 546,546   $ 575,121   $ 570,915   $ 411,132   $ 738,081
   
 
 
 
 
 
Fixed charges                                    
Interest expense, net of capitalized interest   $ 15,092   $ 44,191   $ 46,704   $ 48,697   $ 51,405   $ 68,566
Capitalized interest     2,489     7,181     4,501     1,662     459    
Portion of rentals representative of interest factor     2,678     10,960     11,048     11,326     12,664     12,310
   
 
 
 
 
 
Total fixed charges   $ 20,259   $ 62,332   $ 62,253   $ 61,685   $ 64,528   $ 80,876
   
 
 
 
 
 
Ratio of earnings to fixed charges     10.51     8.77     9.24     9.26     6.37     9.13
   
 
 
 
 
 
Note:
The Ratio of Earnings to Fixed Charges should be read in conjunction with this Quarterly Report on Form 10-Q, as well as the Company's Annual Report on Form 10-K for the year ended December 26, 2004.



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