Graham (GHC) 10-Q 2005 Q2 Quarterly report

Exhibit 11

THE WASHINGTON POST COMPANY

CALCULATION OF EARNINGS

PER SHARE OF COMMON STOCK

(In thousands of shares)

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 3, 2005		June 27, 2004		July 3, 2005		June 27, 2004
Number of shares of Class A and Class B common stock outstanding at beginning of period		9,589		9,550		9,576		9,542
Issuance of shares of Class B common stock (weighted), net of forfeiture of restricted stock awards		5		13		15		15
Shares used in the computation of basic earnings per common share		9,594		9,563		9,591		9,557
Adjustment to reflect dilution from common stock equivalents		24		33		26		31
Shares used in the computation of diluted earnings per common share		9,618		9,596		9,617		9,588
Net income available for common shares	$	78,510	$	84,659	$	144,610	$	143,583
Basic earnings per common share	$	8.18	$	8.85	$	15.08	$	15.02
Diluted earnings per common share	$	8.16	$	8.82	$	15.04	$	14.98