Exhibit 12.1 COAXIAL COMMUNICATIONS OF CENTRAL OHIO, INC. RATIOS OF EARNINGS TO FIXED CHARGES SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ---------------- ------------------------------------------------- 1998 1997 1997 1996 1995 1994 1993 ---- ---- ---- ---- ---- ---- ---- Pre-tax income (loss) from continuing operations $ 5,332 $ 6,977 $ 12,583 $17,461 $ 17,095 $ 16,488 $ 14,350 Total fixed charges 2,539 2,869 5,731 5,780 5,428 2,909 2,133 ------- ------- -------- ------- -------- -------- -------- Earnings $ 7,871 $ 9,846 $ 18,314 $23,241 $ 22,523 $ 19,397 $ 16,483 ======= ======= ======== ======= ======== ======== ======== Fixed Charges: Interest $ 2,123 $ 2,538 $ 5,047 $ 5,159 $ 4,803 $ 2,562 $ 1,988 Amortization of loan acquisition costs 349 267 549 507 508 223 24 Interest Element of Rental Expense 67 64 135 114 117 124 121 ------- ------- -------- ------- -------- -------- -------- Total of Fixed Charges $ 2,539 $ 2,869 $ 5,731 $ 5,780 $ 5,428 $ 2,909 $ 2,133 ======= ======= ======== ======= ======== ======== ======== Ratio of Earnings to Fixed Charges 3.10 3.43 3.19 4.02 4.14 6.66 7.72 ======= ======= ======== ======= ======== ======== ======== PHOENIX ASSOCIATES RATIOS OF EARNINGS TO FIXED CHARGES SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ---------------- ------------------------------------------------- 1998 1997 1997 1996 1995 1994 1993 ---- ---- ---- ---- ---- ---- ---- Pre-tax income (loss) from continuing operations $(6,558) $(5,867) $(12,183) $(12,596) $ (12,481) $ (7,247) $ (7,050) Total fixed charges 6,961 6,754 13,882 14,526 14,386 9,061 8,590 ------- ------- -------- ------- -------- -------- -------- Earnings $ 403 $ 887 $ 1,699 $ 1,930 $ 1,905 $ 1,814 $ 1,540 ======= ======= ======== ======= ======== ======== ======== Fixed Charges: Interest $ 6,961 $ 6,754 $ 13,882 $ 14,526 $ 14,386 $ 8,872 $ 8,415 Amortization of loan acquisition costs - - - - - 189 175 ------- ------- -------- ------- -------- -------- -------- Total of Fixed Charges $ 6,961 $ 6,754 $ 13,882 $ 14,526 $ 14,386 $ 9,061 $ 8,590 ======= ======= ======== ======= ======== ======== ======== Coverage Deficiency in Earnings to cover Fixed $(6,558) $ (5,867) $(12,183) $(12,596)$ (12,481) $ (7,247) $ (7,050) Charges ======= ======= ======== ======== ======== ======== ======== EXHIBIT 12.1 COMBINED PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES SIX MONTHS YEAR ENDED ENDED JUNE 30 DECEMBER 31 Pro forma pre-tax income (loss) from continuing operations $ (1,671) $ (527) Total pro forma fixed charges 9,345 18,711 ---------- ----------- Earnings $ 7,674 18,184 ========== =========== Pro forma fixed charges Interest $ 8,951 $ 17,920 Amortization of loan acquisition costs 327 656 Interest element of rental expense 67 135 ---------- ----------- Total pro forma fixed charges $ 9,345 $ 18,711 ========== =========== Pro forma ratio of earnings to fixed charges N/A N/A ========== =========== Pro forma coverage deficiency in earnings to cover fixed charges $ (1,671) $ (527) ========== ===========