<PAGE>
                                                                    EXHIBIT 12.1

ENTERCOM COMMUNICATIONS CORP.

Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to
Combined Fixed Charges and Preferred Stock Dividends


<TABLE>
<CAPTION>
                                                           Fiscal Year Ended                  Fiscal Year Ended
                                                             September 30,                      December 31,
                                                        -----------------------   ----------------------------------------
                                                           1997        1998          1999           2000          2001
                                                        -----------  ----------   ------------  -------------  -----------
<S>                                                     <C>           <C>          <C>          <C>            <C>
FIXED CHARGES:
Interest expense                                          $ 11,388    $ 14,663       $ 11,182       $ 37,760     $ 27,583
Interest expense on TIDES                                        -           -          1,845          7,813        7,813
Amortization of deferred financing costs                       592         453            320            859          865
Rental expense interest factor (1)                             660         840          1,249          2,083        2,374
                                                        -----------  ----------   ------------  -------------  -----------
Total fixed charges                                       $ 12,640    $ 15,956       $ 14,596       $ 48,515     $ 38,635
                                                        ===========  ==========   ============  =============  ===========

EARNINGS:
Income before income taxes, extraordinary items
   and accounting changes                                 $177,259     $ 9,892       $ 40,954       $ 79,050     $ 30,028
Loss on equity investment                                        -           -              -          1,100        4,706
Fixed charges                                               12,640      15,956         14,596         48,515       38,635
                                                        -----------  ----------   ------------  -------------  -----------
Total earnings                                            $189,899    $ 25,848       $ 55,550      $ 128,665     $ 73,369
                                                        ===========  ==========   ============  =============  ===========

RATIO OF EARNINGS TO FIXED CHARGES:
Earnings                                                  $189,899    $ 25,848       $ 55,550      $ 128,665     $ 73,369
Fixed charges                                               12,640      15,956         14,596         48,515       38,635
Ratio                                                        15.02        1.62           3.81           2.65         1.90

RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS:
Earnings                                                  $189,899    $ 25,848       $ 55,550      $ 128,665     $ 73,369
Fixed charges                                             $ 12,640    $ 15,956       $ 14,596      $  48,515     $ 38,635
Preferred stock dividends                                 $      -    $      -       $      -      $       -     $      -
Ratio                                                        15.02        1.62           3.81           2.65         1.90
</TABLE>


(1) Represents the component of rent expense believed by Management to be
representative of the interest factor (one-third of rent expense).

