Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended
	March 31,
	2014			2013
	(000’s)			(000’s)
Earnings:
Loss from continuing operations attributable to MDC Partners Inc.	$	(8,740	)	$	(40,976	)
Additions:
Income benefit		(334	)		(14,250	)
Noncontrolling interest in income of consolidated subsidiaries		1,362			982
Fixed charges, as shown below		16,247			71,154
Distributions received from equity-method investees		8			3,096
		17,283			60,982
Subtractions:
Equity in income (loss) of investees		63			41
		63			41
Earnings as adjusted	$	8,480		$	19,965
Fixed charges:
Interest on indebtedness, expensed or capitalized		12,135			62,363
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized		619			5,653
Interest within rent expense		3,493			3,138
Total fixed charges	$	16,247		$	71,154
Ratio of earnings to fixed charges		N/A			N/A
Fixed charge deficiency	$	7,767			51,189