The New York Times Company (NYT) 10-Q 2005 Q2 Quarterly report

EXHIBIT 12

THE NEW YORK TIMES COMPANY

Ratio of Earnings to Fixed Charges

(Unaudited)

	For the
	Six Months		For the Years Ended
	Ended		December 26,		December 28,		December 29,		December 30,		December 31,
(Dollars in thousands, except ratios)	June 26, 2005		2004		2003		2002		2001		2000
Earnings from continuing operations before fixed charges
Income from continuing operations before income taxes, minority interest and income/loss from joint ventures	$	291,022	$	476,405	$	508,070	$	504,433	$	332,204	$	637,830
Distributed earnings from less than fifty- percent owned affiliates	2,500		14,990		9,299		6,459		14,859		19,375
Adjusted pre-tax earnings from continuing operations	293,522		491,395		517,369		510,892		347,063		657,205
Fixed charges less capitalized interest	34,099		55,151		57,752		60,023		64,069		80,876
Earnings from continuing operations before fixed charges	$	327,621	$	546,546	$	575,121	$	570,915	$	411,132	$	738,081
Fixed charges
Interest expense, net of capitalized interest	$	27,832	$	44,191	$	46,704	$	48,697	$	51,405	$	68,566
Capitalized interest	4,943		7,181		4,501		1,662		459		—
Portion of rentals representative of interest factor	6,267		10,960		11,048		11,326		12,664		12,310
Total fixed charges	$	39,042	$	62,332	$	62,253	$	61,685	$	64,528	$	80,876
Ratio of earnings to fixed charges	8.39		8.77		9.24		9.26		6.37		9.13

Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with this Quarterly Report on Form 10-Q, as well as the Company’s Annual Report on Form 10-K for the year ended December 26, 2004.