Belo 10-Q 2006 Q2 Quarterly report

Exhibit 12

Belo Corp.
Computation of Ration of Earning to Fixed Charges
(Dollars in thousands)

																Six months ended
	Year Ended December 31,															June 30,
	2001			2002			2003			2004			2005			2005			2006
Earnings:
Earnings before income taxes and the cumulative effect of accounting changes	$	21,763		$	213,454		$	209,460		$	215,801		$	206,960		$	105,578		$	91,457
Add: Total fixed charges		116,157			108,451			98,117			94,177			95,159			46,362			50,480
Less: Interest capitalized		489			573			500			163			167			26			446
Adjusted earnings	$	137,431		$	321,332		$	307,077		$	309,815		$	301,952		$	151,914		$	141,491
Fixed Charges:
Interest	$	113,145		$	105,359		$	94,110		$	90,327		$	91,171		$	44,538		$	48,538
Portion of rental expense representative of the interest factor (1)		3,012			3,092			4,007			3,850			3,988			1,824			1,942
Total fixed charges	$	116,157		$	108,451		$	98,117		$	94,177		$	95,159		$	46,362		$	50,480
Ratio of Earnings to Fixed Charges		1.18	x		2.96	x		3.13	x		3.29	x		3.17	x		3.28	x		2.80	x

(1) For purposes of calculating fixed charges, an interest factor of one third was applied to total rent expense for the period indicated.