EXHIBIT 12
K-III COMMUNICATIONS CORPORTION AND SUBSIDIARIES
DEFICIENCY OF EARNINGS TO FIXED CHARGES
AND DEFICIENCY OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
(DOLLARS IN THOUSANDS)
YEARS ENDED DECEMBER 31,
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1996 1995 1994
ACTUAL ACTUAL ACTUAL
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Earnings before fixed charges:
Net income (loss)......................................................... $ 8,044 $ (75,435) $ (41,403)
Income tax benefit........................................................ (53,300) (59,600) (42,100)
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Loss before income tax benefit.............................................. (45,256) (135,035) (83,503)
Interest expense and amortization of deferred financing costs............... 129,168 108,972 81,431
Interest portion of rental expenses......................................... 10,510 8,129 7,991
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Earnings (loss) before fixed charges........................................ 94,422 (17,934) 5,919
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Fixed charges:
Interest expense and amortization of
deferred financing costs................................................ 129,168 108,972 81,431
Interest portion of rental expenses....................................... 10,510 8,129 7,991
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Total fixed charges..................................................... 139,678 117,101 89,422
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Deficiency of earnings to fixed charges..................................... (45,256) (135,035) (83,503)
Preferred stock dividends................................................... (43,526) (28,978) (25,959)
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Deficiency of earnings to fixed charges and preferred stock dividends....... $ (88,782) $ (164,013) $ (109,462)
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