EXHIBIT 12

DISCOVERY COMMUNICATIONS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS⁽¹⁾

(unaudited; in millions, except ratio amounts)

	Year Ended December 31,
	2010		2009		2008		2007			2006
	(recast)		(recast)		(recast)
Earnings:
Net income from continuing operations	$	647	$	570	$	404	$	86		$	52
Add:
Provision for income taxes		288		469		353		56			41
Loss (earnings) of equity investees		57		24		65		(142	)		(104	)
Distributions of income from equity investees		15		4		4		—			—
Total interest expense		207		249		258		—			—
Portion of rents representative of the interest factor		28		27		46		11			10
Earnings (loss), as adjusted	$	1,242	$	1,343	$	1,130	$	11		$	(1	)
Fixed charges:
Total interest expense	$	207	$	249	$	258	$	—		$	—
Portion of rents representative of the interest factor		28		27		46		11			10
Total fixed charges	$	235	$	276	$	304	$	11		$	10
Preferred stock dividends		1		15		—		—			—
Total combined fixed charges and preferred stock dividends	$	236	$	291	$	304	$	11		$	10
Ratio of earnings (loss) to fixed charges		5.3x		4.9x		3.7x		1.0x			—
Ratio of earnings (loss) to combined fixed charges and preferred stock dividends		5.3x		4.6x		3.7x		1.0x			—
Deficiency										$	11

⁽¹⁾ The results for years prior to 2008 reflect only the results of our predecessor, Discovery Holding Company.