EXHIBIT 12.1 BRILL MEDIA COMPANY, LLC RATIO OF EARNINGS TO FIXED CHARGERS ($000s) Historical ----------------------------------------------------------------------------------- Nine Months Nine Months Ended Ended Year Ended February 28 or 29, November 30, November 30, 1993 1994 1995 1996 1997 1996 1997 ---- ---- ---- ---- ---- ---- ---- EARNINGS Income (loss) before income taxes and extraordinary item $(2,863) $ 952 $(3,753) $(5,186) $(2,486) $(1,259) $(2,938) Fixed charges 4,523 4,682 5,882 7,200 7,514 5,631 6,594 ------- ------ ------- ------ ------- ------ ------- $ 1,660 $5,634 $ 2,129 $ 2,014 $ 5,028 $ 4,372 $ 3,656 ======= ====== ======= ======= ======= ======= ======= FIXED CHARGES Interest expense $ 4,351 $4,466 $ 5,636 $ 6,633 $ 6,943 $ 5,150 $ 6,037 Portion of rent expense representative of interest 39 37 40 70 82 66 75 Amortization of deferred financing costs 133 179 206 497 489 415 482 ------- ------ ------- ------ ------- ------ ------- $ 4,523 $4,682 $ 5,882 $ 7,200 $ 7,514 $ 5,631 $ 6,594 ======= ====== ======= ======= ======= ======= ======= Ratio of earnings to fixed charges - 1.20 - - - - - ======= ====== ======= ======= ======= ======= ======= Pro Forma ----------------------------------- Year Nine Months Ended Ended February 28, November 30, 1997 1997 ---- ---- EARNINGS Income (loss) before income taxes and extraordinary item $(8,185) $(5,517) Fixed charges 12,633 9,495 ------ ------- $ 4,448 $ 3,978 ======= ======= FIXED CHARGES Interest expense $11,996 $ 9,007 Portion of rent expense representative of interest 82 75 Amortization of deferred financing costs 555 413 ------ ------- $12,633 $ 9,495 ======= ======= Ratio of earnings to fixed charges - - ======= =======