1 Exhibit 12.01 ENTERCOM COMMUNICATIONS CORP. Supporting Schedule of Ratio of Earnings to Fixed Charges (in thousands) Six Months Year Ended September 30, Ended 1994 1995 1996 1997 1998 June 30, 1999 ------ ----- ------ ------- ------ ------------- Income before income taxes and extraordinary item 21,914 4,805 7,053 177,259 9,892 11,944 ====== ===== ====== ======= ====== ====== Fixed Charges Interest expense 1,648 1,992 5,196 11,388 14,663 6,246 Amortization of debt expense 46 59 133 592 453 143 Rental expense interest factor 240 247 360 660 840 539 ------ ----- ------ ------- ------ ------ Total 1,934 2,298 5,689 12,640 15,956 6,928 ====== ===== ====== ======= ====== ====== Earnings Income before income taxes and extraordinary item 21,914 4,805 7,053 177,259 9,892 11,944 Fixed charges 1,934 2,298 5,689 12,640 15,956 6,928 ------ ----- ------ ------- ------ ------ 23,848 7,103 12,742 189,899 25,848 18,872 ====== ===== ====== ======= ====== ====== Ratio of Earnings to Fixed Charges Earnings 23,848 7,103 12,742 189,899 25,848 18,872 Fixed charges 1,934 2,298 5,689 12,640 15,956 6,928 Ratio 12.33 3.09 2.24 15.02 1.62 2.72