EXHIBIT 12 JACOR COMMUNICATIONS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS) NINE MONTHS YEAR ENDED DECEMBER 31, ENDED ----------------------------------------------------- SEPTEMBER 30, 1992 1993 1994 1995 1996 1997 --------- --------- --------- --------- --------- ------------- EARNINGS: Income (loss) before income taxes and extraordinary loss............................. $ (23,701) $ 4,138 $ 14,165 $ 18,265 $ 15,371 $ 8,544 Fixed charges.................................... 15,578 4,768 2,860 3,853 34,799 63,492 --------- --------- --------- --------- --------- ------------- Total........................................ $ (8,123) $ 8,906 $ 17,025 $ 22,118 $ 50,170 $ 72,036 --------- --------- --------- --------- --------- ------------- --------- --------- --------- --------- --------- ------------- FIXED CHARGES: Interest expense................................. $ 13,701 $ 2,735 $ 534 $ 1,444 $ 31,148 $ 58,518 Amortization of debt expense..................... 449 238 324 326 1,096 1,563 Portion of rent expense deemed to be interest.... 1,428 1,795 2,002 2,083 2,555 3,411 --------- --------- --------- --------- --------- ------------- Total........................................ $ 15,578 $ 4,768 $ 2,860 $ 3,853 $ 34,799 $ 63,492 --------- --------- --------- --------- --------- ------------- --------- --------- --------- --------- --------- ------------- Ratio of earnings to fixed charges................. N/A 1.9 6.0 5.7 1.4 1.1 --------- --------- --------- --------- --------- ------------- --------- --------- --------- --------- --------- ------------- Coverage deficiency................................ $ 23,701 N/A N/A N/A N/A N/A --------- --------- --------- --------- --------- ------------- --------- --------- --------- --------- --------- -------------