Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended March 31,
	2012			2011
	(000’s)			(000’s)
Earnings:
Loss from continuing operations attributable to MDC Partners Inc.	$	(25,981	)	$	(8,359	)
Additions:
Income tax expense		1,263			358
Noncontrolling interest in income of consolidated subsidiaries		1,357			1,605
Fixed charges, as shown below		13,582			11,686
Distributions received from equity-method investees		—			3,783
		16,202			17,432
Subtractions:
Equity in income (loss) of investees		272			255
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges		—			—
		272			255
Earnings as adjusted	$	(10,051	)	$	8,818
Fixed charges:
Interest on indebtedness, expensed or capitalized		10,437			8,927
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized		559			637
Interest within rent expense		2,586			2,122
Total fixed charges	$	13,582		$	11,686
Ratio of earnings to fixed charges		N/A			N/A
Fixed charge deficiency	$	23,633		$	2,868