EXHIBIT 12(b) VIACOM INC. AND VIACOM INTERNATIONAL INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands, except ratios) Year Ended December 31, -------------------------------------------- 1993 1992 1991 1990 1989 ---- ---- ---- ---- ---- Earnings (loss) before income taxes $301,816 $155,579 $8,247 ($70,363) $144,913 Add: Distribution income of Affiliated Companies 13,441 9,447 5,546 2,800 4,500 Interest expense, net of capitalized interest 154,137 195,223 298,078 295,305 313,079 Capitalized interest 2,094 2,376 2,326 2,249 2,349 amortized 1/3 of rental expense 24,745 22,640 21,537 18,781 15,492 -------- -------- -------- -------- -------- Earnings $496,233 $385,265 $335,734 $ 248,772 $480,333 ======== ======== ======== ========= ======== Fixed charges: Interest costs on all indebtedness $154,510 $195,725 $298,591 $296,145 $313,805 1/3 of rental expense 24,745 22,640 21,537 18,781 15,492 -------- -------- -------- -------- -------- Total fixed charges $179,255 $218,365 $320,128 $314,926 $329,297 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 2.77 1.76 1.05 Note b 1.46 ======== ======== ======== ======== ======== (b) As a result of the interest expense associated with the Viacom Inc.'s consolidated indebtedness outstanding under the Credit Agreement, the 1988 Existing Subordinated Debt and the Exchange Debentures, earnings of Viacom Inc. were insufficient to cover fixed charges for the year ended December 31, 1990. The additional amount of earnings required to cover fixed charges of Viacom Inc. for the year ended December 31, 1990 would have been $66,154.