EXHIBIT 12
SINCLAIR BROADCAST GROUP, INC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
FOR THE YEARS ENDED DECEMBER 31, 1997, 1998, AND 1999
(DOLLARS IN THOUSANDS)
1997 1998 1999
------------ ------------- ----------
Income (loss) before provision (benefit) for $ 4,371 $ 6,361 $ (17,019)
income taxes from continuing operations
Fixed charges (a) 98,393 138,952 178,281
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Earnings available for fixed charges 102,764 145,313 161,262
Fixed charges (a) 98,393 138,952 178,281
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Excess of fixed charges over earnings -- -- $ (17,019)
============ ============= ==========
Ratio of earnings to fixed charges 1.0 x 1.0 x --
============ ============= ==========
1997 1998 1999
------------ ------------- ----------
Income (loss) before provision (benefit) for $ 4,371 $ 6,361 $ (17,019)
income taxes from continuing operations
Fixed charges (a) 98,393 138,952 178,281
------------ ------------- ----------
Earnings available for combined fixed charges
and preferred stock dividends 102,764 145,313 161,262
Combined fixed charges and preferred
stock dividends (b) 99,826 145,379 184,356
------------ ------------- ----------
Excess of combined fixed charges and preferred
stock dividends over earnings -- $(66) $ (23,094)
============ ============= ==========
Ratio of earnings to combined fixed charges
and preferred stock dividends 1.0 x -- --
============ ============= ==========
(a) Fixed charges consist of interest expense, which includes interest on all
debt and amortization of debt discount, capitalized interest and deferred
financing costs.
(b) Combined fixed charges and preferred stock dividends consist of interest
expense, which includes interest on all debt and amortization of debt
discount, capitalized interest and deferred financing costs and preferred
stock dividends.