Exhibit 12
THE NEW YORK TIMES COMPANY
Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
(Unaudited)
For the Three Months Ended For the Nine Months Ended
September 24, September 26, September 24, September 26,
2000 1999 2000 1999
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Earnings from continuing operations before fixed charges
Income before income taxes and income from joint ventures $120,842 $ 99,834 $431,122 $345,199
Distributed earnings from less than fifty percent owned affiliates 5,585 3,941 12,930 7,416
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Adjusted pre-tax earnings from continuing operations 126,427 103,775 444,052 352,615
Fixed charges 21,347 16,329 60,866 47,180
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Earnings from continuing operations before fixed charges $147,774 $120,104 $504,918 $399,795
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Fixed charges
Interest expense $ 18,077 $ 13,485 $ 51,659 $ 39,208
Portion of rentals representative of interest factor 3,270 2,844 9,207 7,972
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Total fixed charges $ 21,347 $ 16,329 $ 60,866 $ 47,180
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Ratio of earnings to fixed charges 6.92 7.36 8.30 8.47
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