EX-12 4 cmw4345a.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12

Journal Communications, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

First Quarter
2009
 2008
 2007
 2006
 2005
 2004

Fixed charges:		                            
Interest incurred and amortization of debt issue costs    811    8,196    9,180    15,607    3,942    2,273  
Interest capitalized    0    --    89    --    --    --  
Estimate of interest within rental expense    40    565    960    1,046    1,010    641  
     Total fixed charges    851    8,761    10,229    16,653    4,952    2,914  

Earnings:		  
Earnings (loss) from continuing operations before income taxes    (1,456 )  (330,843 )  69,644    89,030    71,406    81,229  
Add: Fixed Charges (above)    851    8,761    10,229    16,653    4,952    2,914  
Less: Capitalized Interest    --    --    (89 )  --    --    --  
     Total earnings (loss)    (605 )  (322,082 )  79,784    105,683    76,358    84,143  

Ratio of Earnings / (Loss) to Fixed Charges		    --(1)    --(2)    7.80    6.35    15.42    28.88  

(1) Earnings for the quarter ended March 29, 2009 were inadequate to cover the fixed charges. The coverage deficiency for the period was $1.5 million.

(2) Earnings for the year ended December 28, 2008 were inadequate to cover the fixed charges. The coverage deficiency for the period was $330.8 million.