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)

	Years Ended December 31,
	2011		2010		2009		2008		2007
Earnings:
Income from continuing operations, net of taxes	$	1,134	$	647	$	570	$	404	$	86
Add:
Provision for income taxes		425		288		469		353		56
Loss (earnings) of equity investees		35		57		24		65		(142	)
Distributions of income from equity investees		30		15		4		4		—
Total interest expense		211		207		249		258		—
Portion of rents representative of the interest factor		26		28		27		46		11
Earnings, as adjusted	$	1,861	$	1,242	$	1,343	$	1,130	$	11
Fixed charges:
Total interest expense	$	211	$	207	$	249	$	258	$	—
Portion of rents representative of the interest factor		26		28		27		46		11
Total fixed charges	$	237	$	235	$	276	$	304	$	11
Preferred stock dividends		—		1		15		—		—
Total combined fixed charges and preferred stock dividends	$	237	$	236	$	291	$	304	$	11
Ratio of earnings to fixed charges		7.9		5.3x		4.9x		3.7x		1.0x
Ratio of earnings to combined fixed charges and preferred stock dividends		7.9		5.3x		4.6x		3.7x		1.0x

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