Lamar Advertising (LAMR) 10-Q 2011 Q2 Quarterly report

Exhibit 12.2

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)

The following table sets forth Lamar Media’s ratio of earnings to fixed charges for the periods indicted.

	YEARS ENDED DECEMBER 31,												JUNE 30,
(dollars in thousands)	2006		2007		2008		2009(2)			2010(2)			2011(2)			2010(2)
Net income (loss)	$	43,279	$	45,551	$	10,360	$	(55,823	)	$	(40,198	)	$	(1,728	)	$	(33,708	)
Income tax expense (benefit)		34,520		37,283		14,487		(36,146	)		(23,213	)		108			(19,289	)
Fixed charges		171,686		224,932		230,078		263,011			253,569			121,392			129,914
Earnings		249,485		307,766		254,925		171,042			190,158			119,772			76,917
Interest expense, net		109,806		158,609		156,716		191,455			185,517			86,844			95,705
Rent under leases representative of an interest factor (1/3)		61,880		66,323		73,362		71,556			68,052			34,548			34,209
Preferred dividends		0		0		0		0			0			0			0
Fixed Charges		171,686		224,932		230,078		263,011			253,569			121,392			129,914
Ratio of earnings to fixed charges		1.5x		1.4x		1.1x		0.7x			0.7x			1.0x			0.6x

(1)

The ratio of earnings to fixed charges is defined as earnings divided by fixed charges. For purposes of this ratio, earnings is defined as net income (loss) before income taxes and cumulative effect of a change in accounting principle and fixed charges. Fixed charges is defined as the sum of interest expenses, preferred stock dividends and the component of rental expense that we believe to be representative of the interest factor for those amounts.

(2)

For the year ended December 31, 2010 and 2009 and the six months ended June 30, 2011 and 2010, earnings were insufficient to cover fixed charges by $63.4 million $92.0 million and $1.6 million and $53.0 million, respectively.