Exhibit 12 - --------------------------------------------- Jones International Networks, Ltd. Ratio to Earnings to Fixed Charges - --------------------------------------------- -------------------------------------------------------------------- Company as Reported -------------------------------------------------------------------- June 30, 1993 1994 1995 1996 1997 1998 -------------------------------------------------------------------- Loss before income taxes and minority interest ($1,628) ($2,692) ($2,544) ($2,711) ($3,932) ($5,326) Plus: Fixed Charges (Interest Expense, Net) $3,328 $3,401 $4,006 $4,428 $5,569 $2,541 Non-cash, non-recurring items - - - - $938 $261 Distribution of income of less than 50% owned entities - $375 $175 $300 $100 $350 Less: Minority interest - - - ($9) - $0 Equity in income of subsidiaries ($162) ($237) ($11) ($829) ($397) ($73) -------------------------------------------------------------------- Total earnings (loss) $1,538 $847 $1,626 $1,179 $2,278 ($2,247) ==================================================================== Earnings to fixed charged ratio 46% 25% 41% 27% 41% - Deficit Amount ($1,790) ($2,554) ($2,380) ($3,249) ($3,291) ($4,788) -------------- ---------- Pro Pro Forma Forma ------------- ---------- December 31, June 30, 1997 1998 ------------- ---------- Loss before income taxes and minority interest ($6,267) ($8,589) Plus: Fixed Charges (Interest Expense, Net) $12,081 $6,062 Non-cash, non-recurring items $938 $261 Distribution of income of less than 50% owned entities $100 $350 Less: Minority interest $0 $0 Equity in income of subsidiaries ($227) ($73) -------------------------- Total earnings (loss) $6,625 ($1,989) ========================== Earnings to fixed charged ratio 55% - Deficit Amount ($5,456) ($8,051)