EXHIBIT 12.2
LIN TELEVISION CORPORATION
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
LIN TELEVISION CORPORATION
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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 $(2,722) $ 24,455 $ 48,476 $(48,599) $ (7,686)
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Fixed charges:
Interest expense, including amortization of
deferred financing costs and discounts 41,092 41,807 54,503 64,124 67,126
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 $ 41,461 $ 42,165 $ 54,964 $ 64,569 $ 67,522
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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 $ 38,739 $ 66,620 $103,440 $ 15,970 $ 59,836
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Ratio of earnings to fixed charges (1) 1.6x 1.9x (1) (1)
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LIN TELEVISION CORPORATION 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 $(13,691) $(12,912) $ 966
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Fixed charges:
Interest expense, including amortization of
deferred financing costs and discounts 45,315 35,577 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 $ 45,644 $ 35,944 $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 Television earnings were insufficient to cover fixed charges by $27
million for the nine month period ended September 30, 2003, $48.6 million,
$7.7 million and $13.7 million for the fiscal years ended December 31,
2001, 2000 and 1999, respectively, and $12.9 million for the period from
March 3, 1998 to December 31, 1998.