1 Exhibit 12.1 CITADEL COMMUNICATIONS CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (in thousands except ratios) Nine Months Ended Year Ended December 31 September 30, ---------------------------------------------------------- 1999 1998 1997 1996 1995 1994 ------------- ---- ---- ---- ---- ---- Earnings: Income (loss) from continuing operations before income taxes (5,428) (5,317) (6,054) (1,997) (4,376) (5,511) Fixed charges 29,612 33,589 20,208 6,518 5,488 5,075 Preference security dividend requirements (11,323) (14,586) (6,633) -- -- -- Earnings as adjusted (A) 12,861 13,686 7,521 4,521 1,112 (436) Fixed Charges: Interest expense 17,502 18,126 12,872 6,155 5,242 4,866 Interest portion of rental expense (1) 787 877 703 363 246 209 Preference security dividend requirements 11,323 14,586 6,633 -- -- -- Total fixed charges (B) 29,612 33,589 20,208 6,518 5,488 5,075 Ratio of earnings to fixed charges (A) divided by (B) 0.43 0.41 0.37 0.69 0.20 (0.09) Deficiency of earnings to cover fixed charges (A) minus (B) (16,751) (19,903) (12,687) (1,997) (4,376) (5,511) (1) Management of the Company believes approximately 33% of rent expense is a reasonable estimate of the interest portion of rental expense