Exhibit 12.1


American Media, Inc.
Computation of Ratio of Earnings to Fixed Charges


 
 
Fiscal years ended March 31,
(in thousands)
2016
 
2015
 
2014
 
2013
 
2012
 
Earnings
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations before income taxes
$
(17,986
)
 
$
(56,931
)
 
$
(26,313
)
 
$
(62,437
)
 
$
(8,208
)
 
 
add: Fixed charges
43,688

 
54,858

 
60,019

 
61,212

 
60,009

 
 
add: Distribution from equity method investees
—

 
2,570

 
—

 
—

 
—

 
 
less: Net income - noncontrolling interests
(1,032
)
 
(1,219
)
 
(1,048
)
 
(694
)
 
(726
)
 
Total earnings (loss)
$
24,670

 
$
(722
)
 
$
32,658

 
$
(1,919
)
 
$
51,075

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
39,662

 
$
50,847

 
$
58,355

 
$
59,779

 
$
58,425

 
 
Amortization of debt costs
4,026

 
4,011

 
1,664

 
1,433

 
1,584

 
Total fixed charges
$
43,688

 
$
54,858

 
$
60,019

 
$
61,212

 
$
60,009

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
0.6

x
—

x
0.5

x
—

x
0.9

x
 
 
 
 
 
 
 
 
 
 
 
 
Coverage deficiency
$
19,018

 
$
55,580

 
$
27,361

 
$
63,131

 
$
8,934

 

The ratio of earnings to fixed charges is determined by dividing earnings by fixed charges. Earnings consists of loss from continuing operations before income taxes plus fixed charges and distributions from equity method investees, less net income attributable to noncontrolling interests. Fixed charges consists of interest expense and amortization of debt costs.