iHeartMedia Satellite Services S-4 2012 FY Registration of securities issued in business combination transactions

Exhibit 12

CLEAR CHANNEL COMMUNICATIONS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

	Predecessor		Successor
	July 30, 2008		Period from July 31 through December 31, 2008			Year ended December 31,
(dollars in millions)						2009			2010			2011			2012
Computation of earnings:
Income (loss) before income taxes and adjustment for (income) loss from equity investees	$	491,809	$	(5,743,061	)	$	(4,521,667	)	$	(628,535	)	$	(420,965	)	$	(738,026	)
Distributed income (loss) from equity investees		29,935		13,143			20,901			11,084			18,527			20,122
Fixed charges		477,597		900,069			1,896,482			1,919,554			1,872,749			1,948,406
Total earnings	$	999,341	$	(4,829,849	)	$	(2,604,284	)	$	1,302,103		$	1,470,311		$	1,230,502
Computation of fixed charges:
Interest expense	$	213,210	$	715,768		$	1,500,866		$	1,533,341		$	1,466,246		$	1,549,023
Portion of rent expense representative of interest		264,387		184,301			395,616			386,213			406,503			399,383
Total fixed charges	$	477,597	$	900,069		$	1,896,482		$	1,919,554		$	1,872,749		$	1,948,406
Ratio of earnings to fixed charges		2.09		N/A			N/A			N/A			N/A			N/A