THE NEW YORK TIMES COMPANY
Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratio)
(Unaudited)
Exhibit 12
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For the Quarter Ended
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March 28, March 29,
1999 1998
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Earnings from continuing operations before
fixed charges
Income before income taxes and income from joint ventures $ 103,345 $ 110,846
Less net gain on disposition of asset -- (4,219)
Distributed earnings from less than fifty percent owned affiliates 1,475 2,840
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Adjusted pre-tax earnings from continuing operations 104,820 109,467
Fixed charges 14,910 14,005
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Earnings from continuing operations before fixed charges $ 119,730 $ 123,472
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Fixed charges
Interest expense $ 12,342 $ 11,625
Portion of rentals representative of interest factor 2,568 2,380
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Total fixed charges $ 14,910 $ 14,005
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Ratio of earnings to fixed charges 8.03 8.82
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