EXHIBIT 12 SINCLAIR BROADCAST GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE YEARS ENDED DECEMBER 31, 1994, 1995, 1996, 1997, AND 1998 (DOLLARS IN THOUSANDS) 1994 1995 1996 1997 1998 ------------ ------------ ----------- ------------ ------------ Income (loss) before provision (benefit) for income taxes and extraordinary items ....................................... $ (3,387) $ 10,188 $ 8,067 11,488 39,841 Fixed charges(a) ............................. 25,418 39,253 84,314 98,393 138,952 -------- -------- -------- ------ ------- Earnings available for fixed charges ......... 22,031 49,441 92,381 109,881 178,793 Fixed charges ................................ 25,418 39,253 84,314 98,393 138,952 -------- -------- -------- ------- ------- Ratio of earnings to fixed charges ........... -- 1.3 x 1.1 x 1.1 x 1.3 x - ---------- (a) Fixed charges consist of interest expense, which includes interest on all debt and amortization of debt discount, and deferred financing costs.