Exhibit 12

Belo Corp.

Statement re Computation of Ratios

For Each of the Five Years ended December 31, 2012

	Year ended December 31,
	2012			2011			2010			2009			2008
Earnings as Defined:
Earnings (loss) from continuing operations before income taxes	$	156,659		$	87,856		$	139,020		$	(166,131	)	$	(521,212	)
Add: Total fixed charges		71,143			74,241			79,668			66,127			85,864
Less: Interest capitalized		—			—			—			108			53
Noncontrolling interest loss		(440	)		—			—			—			—
Earnings as Defined	$	228,242		$	162,097		$	218,688		$	(100,112	)	$	(435,401	)
Fixed Charges as Defined:
Interest expense and capitalized interest	$	69,705		$	72,393		$	77,895		$	64,028		$	83,146
Portion of rental expense representative of the interest factor (1)		1,438			1,848			1,773			2,099			2,718
Total fixed charges as Defined	$	71,143		$	74,241		$	79,668		$	66,127		$	85,864
Ratio of Earnings to Fixed Charges		3.21	x		2.18	x		2.74	x		—	(2)		—	(3)

(1) For purposes of calculating fixed charges, an interest factor of one third was applied to total rent expense for the period indicated.

(2) For purposes of calculating the ratio of earnings to fixed charges, earnings as defined includes a non-cash charge for intangible asset impairment of $242,144, which causes the ratio to be deficient. Excluding the non-cash charge, the earnings as defined would be $142,032 and the ratio of earnings to fixed charges would be 2.15x. Including the non-cash charge, the amount of the deficiency, as defined, is $166,239.

(3) For purposes of calculating the ratio of earnings to fixed charges, earnings as defined includes a non-cash charge for intangible asset and goodwill impairment of $662,151, which causes the ratio to be deficient. Excluding the non-cash charge, the earnings as defined would be $226,750 and the ratio of earnings to fixed charges would be 2.64x. Including the non-cash charge, the amount of the deficiency, as defined, is $521,265.