EX-12.1 10 dex121.txt STATEMENT OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Young Broadcasting Inc.
December 31, -------------------------------------------------------------------------- 1996 1997 1998 1999 2000 -------------------------------------------------------------------------- Fixed Charges: Interest ............................................. 40,738,690 64,102,237 62,617,274 62,980,836 95,842,753 Amortization of Debt Issuance Costs and Bond Premium.. 2,802,831 4,248,834 4,516,612 4,612,634 4,604,438 Interest Portion of Rent Expense ..................... 643,200 643,200 532,800 1,123,200 1,356,600 -------------------------------------------------------------------------- Fixed Charges ...................................... 44,184,721 68,994,271 67,666,686 68,716,670 101,803,791 ========================================================================== Earnings (Loss) Income (Loss) from operations ...................... 905,299 (1,106,268) 3,999,029 (21,542,075) 15,489,384 Fixed charges ...................................... 44,184,721 68,994,271 67,666,686 68,716,670 101,803,791 -------------------------------------------------------------------------- 45,090,020 67,888,003 71,665,715 47,174,595 117,293,175 ========================================================================== Ratio of Earnings to Fixed Charges(1) .............. 1.02:1 -- 1.06:1 -- 1.15:1 ==========================================================================
(1) For the years ended December 31, 1997 and 1999, our earnings were insufficient to cover fixed charges by approximately $1,106,268 and $21,542,075, respectively.