SCRIPPS HOWARD, INC. ("NEW SCRIPPS") Index to Exhibits Exhibit No. Item Page 12 Ratio of Earnings to Fixed Charges E-2 RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 ( in thousands ) Three months ended Nine months ended September 30, September 30, 1996 1995 1996 1995 EARNINGS AS DEFINED: Earnings from operations before income taxes after eliminating undistributed earnings of 20%- to 50%-owned affiliates $ 43,362 $ 32,871 $ 132,404 $ 125,356 Fixed charges excluding capitalized interest and preferred stock dividends of majority-owned subsidiary companies 3,548 3,267 8,873 11,293 Earnings as defined $ 46,910 $ 36,138 $ 141,277 $ 136,649 FIXED CHARGES AS DEFINED: Interest expense, including amortization of debt issue costs $ 2,713 $ 2,441 $ 6,350 $ 8,623 Interest capitalized 158 183 567 270 Portion of rental expense representative of the interest factor 835 826 2,523 2,670 Preferred stock dividends of majority-owned subsidiary companies 20 20 60 60 Fixed charges as defined $ 3,726 $ 3,470 $ 9,500 $ 11,623 RATIO OF EARNINGS TO FIXED CHARGES 12.59 10.41 14.87 11.76