EX-12.1 89 g05435exv12w1.htm EX-12.1 COMPUTATION OF RATIOS EX-12.1 COMPUTATION OF RATIOS
 

Exhibit 12.1
CMP Susquehanna Radio Holdings Corp.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
                                                                       
    SPC       Radio Holdings       SPC       Radio Holdings
    Years ended December 31,                                                    
                            January 1, 2006 to       May 05, 2006 to     Pro forma Year Ended       Three Months Ended       Three Months Ended  
    2003     2004     2005     May 04, 2006       December 31, 2006     December 31, 2006       March 31, 2006       March 31, 2007  
Fixed Charges:
                                            (Unaudited)   (Unaudited)       (Unaudited)  
Interest expense
  $ 18,820     19,841     17,141     4,441       51,747     76,915       4,283       18,648  
Amortization of loan fees
                      197         2,314       3,454         183         860  
Estimated interest within rental expense
    1,238       1,275       1,325       467         933       1,400         233         331  
                       
Total fixed charges
    20,058       21,116       18,466       5,105         54,994       81,769         4,699         19,839  
 
                                                                     
Earnings (Loss):
                                                                     
Income (loss) from continuing operations before income taxes
    36,622       42,941       30,095       (42,616 )       (26,788 )     (39,410 )       (1,337 )       (4,180 )
add Fixed Charges
    20,058       21,116       18,466       5,105         54,994       81,769         4,699         19,839  
                       
Total earnings (loss)
    56,680       64,057       48,561       (37,511 )       28,206       42,359         3,362         15,659  
 
                                                                     
Ratio
    2.83       3.03       2.63       N/A         N/A       N/A         N/A         N/A  
Coverage deficiency
    N/A       N/A       N/A     (42,616 )     (26,788 )   (39,410 )     (1,337 )     (4,180 )