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 Six Months Ended 1-Jul-01 25-Jun-00 1-Jul-01 25-Jun-00 ------------- ------------- ----------- ----------- Earnings from continuing operatons before fixed charges Income before income taxes, discontinued operations and income from joint ventures (1) $ 39,062 $ 161,096 $140,005 $ 296,182 Distributed earnings from less than fifty percent owned affiliates 4,230 4,642 8,219 7,345 -------- --------- -------- --------- Adjusted pre-tax earnings from continuing operations 43,292 165,738 148,224 303,527 Fixed charges less capitalized interest 15,339 21,465 34,558 40,030 -------- --------- -------- --------- Earnings from continuing operatons before fixed charges $ 58,631 $ 187,203 $182,782 $ 343,557 ======== ========= ======== ========= Fixed charges Interest expense, net of capitalized interest $ 12,137 $ 18,331 $ 28,172 $ 34,189 Capitalized interest 58 -- 58 -- Portion of rentals representative of interest factor 3,202 3,134 6,386 5,841 -------- --------- -------- --------- Total fixed charges $ 15,397 $ 21,465 $ 34,616 $ 40,030 ======== ========= ======== ========= Ratio of earnings to fixed charges 3.81 8.72 5.28 8.58 ======== ========= ======== ========= (1) The three-month and six-month periods ended July 1, 2001 include a $79.1 million charge for work force reduction expenses. Excluding work force reduction expenses, the ratio of earnings to fixed charges is 8.95 for the three-month period and 7.57 for the six-month period ended July 1, 2001.