1
EXHIBIT 11.1
THE COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS
ENDED
SEPTEMBER 30
1996
--------
Pre-tax loss from continuing operations (18,365)
--------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness (18,191)
Rentals:
Rent expense 324
--------
Total fixed charges (17,867)
--------
Earnings before income taxes, interest
and fixed charges (36,232)
========
Ratio of earnings to fixed charges -
========
2
PREVIOUSLY AFFILIATED ENTITIES
RATIO OF EARNINGS TO FIXED CHARGES
SEVEN PERIOD FROM
MONTHS JANUARY 1,
ENDED 1996 TO
JULY 31, JULY 30,
1991 1992 1993 1994 1995 1995 1996
---- ---- ---- ---- ---- ---- ----
Pre-tax loss from continuing operations (21,081) (70,280) (77,648) (79,047) (62,412) (36,565) (50,016)
--------------------------------------------------------------------------------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness 8,640 32,357 44,760 44,278 48,835 28,157 47,545
--------------------------------------------------------------------------------
Rentals:
Rent expense 137 404 585 666 952 517 573
--------------------------------------------------------------------------------
Total fixed charges 8,777 32,761 45,345 44,944 49,787 28,674 48,118
--------------------------------------------------------------------------------
Earnings before income taxes, interest
and fixed charges (12,304) (37,519) (32,303) (34,103) (12,625) (7,891) (1,898)
================================================================================
Ratio of earnings to fixed charges - - - - - - -
================================================================================
3
GREENVILLE/SPARTANBURG SYSTEM
RATIO OF EARNINGS TO FIXED CHARGES
PERIOD
1/1/95 -
1991 1992 1993 1994 1/26/95
---- ---- ---- ---- --------
Pre-tax income (loss) from
continuing operations 4,748 6,607 7,981 5,621 234
---------------------------------------------------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness 2,980 2,068 1,932 2,150 161
Rentals:
Rent expense 157 159 167 183 15
---------------------------------------------------
Total fixed charges 3,137 2,227 2,099 2,333 176
---------------------------------------------------
Earnings before income taxes, interest
and fixed charges 7,885 8,834 10,079 7,954 410
===================================================
Ratio of earnings to fixed charges 2.5 4.0 4.8 3.4 2.3
===================================================
4
KINGSPORT SYSTEM
RATIO OF EARNINGS TO FIXED CHARGES
MONTH
ENDED
JANUARY 31,
1992 1993 1994 1995 1996
---- ---- ---- ---- ----
Pre-tax income from continuing operation 4,605 4,126 4,230 3,268 193
---------------------------------------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness 0 0 0 856 90
Rentals:
Rent expense 58 73 85 83 8
---------------------------------------
Total fixed charges 58 73 85 939 98
---------------------------------------
Earnings before income taxes, interest
and fixed charges 4,663 4,199 4,315 4,207 291
=======================================
Ratio of earnings to fixed charges 80.4 57.5 50.8 4.5 3.0
=======================================
5
VIACOM - NASHVILLE
RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED
1991 1992 1993 1994 1995 06/30/95 06/30/96
---- ---- ---- ---- ---- -------- --------
Pre-tax income from continuing operations 2,606 7,060 9,743 8,013 8,452 4,142 3,859
------------------------------------------------------------------------------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness 7,165 4,972 3,662 4,391 5,544 2,790 2,736
Rentals:
Rent expense 321 277 327 307 350 127 165
------------------------------------------------------------------------------
Total fixed charges 7,486 5,249 3,989 4,698 5,894 2,917 2,901
------------------------------------------------------------------------------
Earnings before income taxes, interest
and fixed charges 10,092 12,309 13,732 12,711 14,346 7,059 6,760
==============================================================================
Ratio of earnings to fixed charges 1.3 2.3 3.4 2.7 2.4 2.4 2.3
==============================================================================
6
PARCABLE SYSTEM
RATIO OF EARNINGS TO FIXED CHARGES
MONTH
ENDED
JANUARY 31,
1991 1992 1993 1994 1995 1996
---- ---- ---- ---- ---- ----
Pre-tax income from continuing operations 921 1,154 336 826 903 63
------------------------------------------------
Fixed charges:
Interest expense and amortization of
debt discount and premium on all
indebtedness 0 0 0 18 0 0
Rentals:
Rent expense 32 41 35 34 36 3
------------------------------------------------
Total fixed charges 32 41 35 52 36 3
------------------------------------------------
Earnings before income taxes, interest
and fixed charges 953 1,195 371 878 939 66
================================================
Ratio of earnings to fixed charges 29.8 29.1 10.6 16.9 26.1 22.0
================================================