EX-12.1 8 a2052089zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 PRIMEDIA Inc. Computation of Deficiency of Earnings to Fixed Charges
Six Months Ended Years Ended December 31, June 30, --------------------------------------------------------- --------------------- 1996 1997 1998 1999 2000 2000 2001 --------- --------- --------- --------- --------- --------- --------- (dollars in thousands) Earnings: Loss from continuing operations before income taxes $ (35,703) $(159,124) $ (37,736) $(113,613) $(305,626) (46,499) (225,488) Fixed Charges: Interest expense and amortization of deferred financing costs 128,263 139,696 147,488 168,195 147,824 77,258 75,917 Equity losses in subsidiaries -- -- -- -- 10,137 724 29,305 Interest in rent expense 10,520 12,281 12,094 12,700 13,770 6,018 8,248 --------- --------- --------- --------- --------- --------- --------- Earnings $ 103,080 $ (7,147) $ 121,846 $ 67,282 $(133,895} $ 37,501 $(112,018) ========= ========= ========= ========= ========= ========= ========= Fixed Charges: Interest expense and amortization of deferred financing costs $ 128,263 $ 139,696 $ 147,488 $ 168,195 $ 147,824 $ 77,258 $ 75,917 interest in rent expense 10,520 12,281 12,094 12,700 13,770 6,018 8,248 --------- --------- --------- --------- --------- --------- --------- Fixed Charges $ 138,783 $ 151,977 $ 159,582 $ 180,895 $ 161,594 $ 83,276 84,165 ========= ========= ========= ========= ========= ========= ========= Deficiency of earnings to fixed charges $ (35,703) $(159,124) $ (37,736) $(113,613) $(295,489] $ (45,775) $(196,183) ========= ========= ========= ========= ========= ========= =========
PRIMEDIA Inc. Computation of Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends and Related Accretion
Six Months Ended Years Ended December 31, June 30, --------------------------------------------------------- --------------------- 1996 1997 1998 1999 2000 2000 2001 --------- --------- --------- --------- --------- --------- --------- (dollars in thousands) Earnings: Loss from continuing operations before income taxes $ (35,703) $(159,124) $ (37,736) $(113,613) $(305,626) (46,499) (225,488) Fixed Charges: Interest expense and amortization of deferred financing costs 128,263 139,696 147,488 168,195 147,824 77,258 75,917 Equity losses in subsidiaries -- -- -- -- 10,137 724 29,305 Interest in rent expense 10,520 12,281 12,094 12,700 13,770 6,018 8,248 --------- --------- --------- --------- --------- --------- --------- Earnings $ 103,080 $ (7,147) $ 121,846 $ 67,282 $(133,895} $ 37,501 $(112,018) ========= ========= ========= ========= ========= ========= ========= Fixed Charges and Preferred Stock Dividends and Related Accretion: Interest expense and amortization of deferred financing costs $ 128,263 $ 139,696 $ 147,488 $ 168,195 $ 147,824 $ 77,258 $ 75,917 Interest in rent expense 10,520 12,281 12,094 12,700 13,770 6,018 8,248 Preferred stock dividends and related accretion 43,526 65,073 63,285 53,062 53,063 26,531 27,347 --------- --------- --------- --------- --------- --------- --------- Fixed Charges and Preferred Stock Dividends and Related Accretion: $ 182,309 $ 217,050 $ 222,867 $ 233,957 $ 214,657 $ 109,807 $ 111,512 ========= ========= ========= ========= ========= ========= ========= Deficiency of earnings to fixed charges and preferred stock dividends and related accretion $ (79,229) $(224,197) $(101,021) $(166,675) $(348,552] $ (72,306) $(223,530) ========= ========= ========= ========= ========= ========= =========