EX-12.1 3 b47391axexv12w1.txt EX-12.1 STATEMENT REGARDING COMPUTATION (LIN TV) EXHIBIT 12.1 LIN TV CORP. STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands)
LIN TV CORP. ------------------------------------------------------------------- NINE MONTHS ENDED SEPTEMBER 30 YEAR ENDED DECEMBER 31 --------------------- ---------------------------------- 2003 2002 2002 2001 2000 -------- -------- -------- -------- -------- Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle and distributed income of equity investees $(39,337) $ (6,429) $ 7,204 $(82,121) $(33,428) ======== ======== ======== ======== ======== Fixed charges: Interest expense, including amortization of deferred financing costs and discounts 48,182 72,691 95,775 97,646 92,868 Portion of rental expense representing a reasonable approximation of the interest factor on operating leases 369 358 461 445 396 -------- -------- -------- -------- -------- Total fixed charges $ 48,551 $ 73,049 $ 96,236 $ 98,091 $ 93,264 ======== ======== ======== ======== ======== Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle, distributed income of equity investees and fixed charges $ 9,214 $ 66,620 $103,440 $ 15,970 $ 59,836 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges (1) (1) 1.1x (1) (1) ======== ======== ======== ======== ========
LIN TV CORP. PREDECESSOR --------------------------------- ----------------- PERIOD FROM MARCH 3 - PERIOD FROM DECEMBER 31, JANUARY 1 - 1999 1998 MARCH 2, 1998 ----------- ------------ ------------- Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle and distributed income of equity investees $(37,065) $(30,911) 966 ======== ======== ===== Fixed charges: Interest expense, including amortization of deferred financing costs and discounts 68,689 53,576 2,764 Portion of rental expense representing a reasonable approximation of the interest factor on operating leases 329 367 33 -------- -------- ------ Total fixed charges $ 69,018 $ 53,943 $2,797 ======== ======== ====== Income (loss) from continuing operations before provision for (benefit from) income taxes, extraordinary item, cumulative effect of change in accounting principle, distributed income of equity investees and fixed charges $ 31,953 $ 23,032 $3,763 ======== ======== ====== Ratio of earnings to fixed charges $ (1) $ (1) $ 1.3x ======== ======== ======
(1) LIN TV earnings were insufficient to cover fixed charges by $39.3 million and $6.4 million for the nine month periods ended September 30, 2003 and 2002, respectively, $82.1 million, $33.4 million and $37.1 million for the fiscal years ended December 31, 2001, 2000 and 1999, respectively, and $30.9 million for the period from March 3, 1998 to December 31, 1998.