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EXHIBIT 12.2
LAMAR MEDIA CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
YEARS ENDED DECEMBER 31,
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1998 1999 2000 2001 2002
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EARNINGS
Net loss (11,890) (43,886) (91,930) (97,566) (24,958)
ADD:
income tax benefit (191) (9,349) (35,879) (38,870) (12,434)
fixed charges 73,354 110,958 182,827 154,604 137,493
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Earnings (loss) as adjusted (a) 61,273 57,723 55,018 18,168 100,101
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FIXED CHARGES
Interest expense 60,008 89,619 147,607 113,026 92,178
Rents under leases representative of an interest factor (1/3) 12,981 21,065 35,220 41,578 45,315
Preferred dividends 365 274 0 0 0
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Total fixed charges combined with preferred dividends (b) 73,354 110,958 182,827 154,604 137,493
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RATIO OF EARNINGS TO FIXED CHARGES
(A) DIVIDED BY (B) 0.84 0.52 0.30 0.12 0.73
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</Table>