1 EXHIBIT 12 AMERICAN MEDIA OPERATIONS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS) FISCAL YEARS ENDED ------------------------------------------------------------- MARCH 29, MARCH 30, MARCH 31, MARCH 25, MARCH 27, 1999 1998 1997 1996 1995 --------- --------- --------- --------- --------- Earnings: Income (loss) from continuing operations before income taxes...... $21,455 $18,453 $29,182 $ 8,426 $47,604 Add fixed charges..................... 47,830 51,366 57,135 57,508 36,618 Less: Interest capitalized................ 0 0 0 0 0 Subsidiary preferred stock dividend not expensed..................... 0 0 0 0 0 ------- ------- ------- ------- ------- Earnings.............................. $69,285 $69,819 $86,317 $65,934 $84,222 Fixed charges......................... $47,830 $51,366 $57,135 $57,508 $36,618 Ratio of earnings to fixed charges.... 1.4 1.4 1.5 1.1 2.3