Exhibit 12.1
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TV GUIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED SEPTEMBER 30,
(amounts in millions, except for ratios)
(unaudited)
Period From
July 13, 2000 Period From Three Months Period From Nine Months
to July 1, 2000 Ended January 1, 2000 Ended
September 30, to September 30, to September 30,
2000 July 12, 2000 1999 July 12, 2000 1999
Successor Predecessor Predecessor Predecessor Predecessor
Company Company Company Company Company
------------- ------------- ------------- --------------- -------------
<S> <C> <C> <C> <C> <C>
Earnings (losses)
available for
fixed charges:
Income before income
taxes and minority
interest $(170.3) $ (44.1) $ 7.6 $ (24.0) $ 53.1
Interest and expense
on indebtedness 11.8 1.8 12.3 28.9 30.7
One-third of rental
expense, net of
sub-leasing income
for operating leases 2.4 0.4 2.1 5.4 5.8
------- ------- ------- ------- -------
$(156.1) $ (41.9) $ 22.0 $ 10.3 $ 89.6
======= ======= ======= ======= =======
Fixed charges:
Interest and expense
on indebtedness $ 11.8 $ 1.8 $ 12.3 $ 28.9 $ 30.7
One-third of rental
expense, net of
sub-leasing income
for operating leases 2.4 0.4 2.1 5.4 5.8
------- ------- ------- ------- -------
$ 14.2 $ 2.2 $ 14.4 $ 34.3 $ 36.5
======= ======= ======= ======= =======
Ratio of earnings to
fixed charges See Note (a) See Note (b) 1.53 See Note (b) 2.45
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(a) Earnings for the period from July 13, 2000 to September 30, 2000
reflect the increase in amortization of intangible assets
resulting from the impacts of push-down accounting related to the
acquisition of the Company by Gemstar. As a result of this non-
cash charge, earnings as calculated, were not sufficient to cover
fixed charges by $170.3 million.
(b) Earnings for the periods July 1, 2000 through July 12, 2000 and
January 1, 2000 through July 12, 2000 include certain
non-recurring charges relating to compensation and other costs
that occurred as a result of the merger with Gemstar and
amortization of intangible assets recorded in the TV Guide
Transaction. As a result, earnings were not sufficient to cover
fixed charges for these periods by $44.1 million and $24.0 million
respectively.
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