EXHIBIT 12.1
LIN TV CORP.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
LIN TV CORP.
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NINE MONTHS ENDED
SEPTEMBER 30 YEAR ENDED DECEMBER 31
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2003 2002 2002 2001 2000
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Income (loss) from continuing operations before
provision for (benefit from) income taxes,
extraordinary item, cumulative effect of change
in accounting principle and distributed income
of equity investees $(39,337) $ (6,429) $ 7,204 $(82,121) $(33,428)
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Fixed charges:
Interest expense, including amortization of
deferred financing costs and discounts 48,182 72,691 95,775 97,646 92,868
Portion of rental expense representing a
reasonable approximation of the interest
factor on operating leases 369 358 461 445 396
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Total fixed charges $ 48,551 $ 73,049 $ 96,236 $ 98,091 $93, 264
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Income (loss) from continuing operations before
provision for (benefit from) income taxes,
extraordinary item, cumulative effect of change
in accounting principle, distributed income of
equity investees and fixed charges $ 9,214 $ 66,620 $103,440 $ 15,970 $ 59,836
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Ratio of earnings to fixed charges (1) (1) 1.1x (1) (1)
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LIN TV CORP. PREDECESSOR
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PERIOD FROM
MARCH 3 - PERIOD FROM
DECEMBER 31, JANUARY 1 -
1999 1998 MARCH 2, 1998
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Income (loss) from continuing operations before
provision for (benefit from) income taxes,
extraordinary item, cumulative effect of change
in accounting principle and distributed income
of equity investees $(37,065) $(30,911) 966
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Fixed charges:
Interest expense, including amortization of
deferred financing costs and discounts 68,689 53,576 2,764
Portion of rental expense representing a
reasonable approximation of the interest
factor on operating leases 329 367 33
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Total fixed charges $ 69,018 $ 53,943 $2,797
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Income (loss) from continuing operations before
provision for (benefit from) income taxes,
extraordinary item, cumulative effect of change
in accounting principle, distributed income of
equity investees and fixed charges $ 31,953 $ 23,032 $3,763
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Ratio of earnings to fixed charges $ (1) $ (1) $ 1.3x
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(1) LIN TV earnings were insufficient to cover fixed charges by $39.3 million
and $6.4 million for the nine months periods ended September 30, 2003 and
2002, respectively, $82.1 million, $33.4 million and $37.1 million for the
fiscal years ended December 31, 2001, 2000 and 1999, respectively, and
$30.9 million for the period from March 3, 1998 to December 31, 1998.