EXHIBIT 11
EMMIS BROADCASTING CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PER SHARE NET INCOME
-----------------------------------------------
AS RESTATED
-----------
For the Three Months Ended For the Nine Months Ended
November 30, 1998 November 30, 1998
--------------- ---------------
Net Weighted Net Weighted
Income Average Per Income Average Per
(Unaudited) Shares Share (Unaudited) Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 3,012,000 15,654,123 $ .19 $ 7,364,000 14,046,628 $ .52
Options 311,488 401,136
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 3,012,000 15,965,611 $ .19 $ 7,364,000 14,447,764 $ .51
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EXHIBIT 11
EMMIS BROADCASTING CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PER SHARE NET INCOME
-----------------------------------------------
For the Three Months Ended For the Nine Months Ended
November 30, 1997 November 30, 1997
--------------- ---------------
Net Weighted Net Weighted
Income Average Per Income Average Per
(Unaudited) Shares Share (Unaudited) Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 4,079,000 10,867,289 $ .38 $ 12,119,000 11,034,856 $ 1.10
Options 481,343 415,427
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 4,079,000 11,348,632 $ .36 $ 12,119,000 11,450,283 $ 1.06
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EXHIBIT 11
EMMIS BROADCASTING CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PRO FORMA PER SHARE NET INCOME
---------------------------------------------------------
AS RESTATED
------------
For the Three Months Ended For the Nine Months Ended
November 30, 1998 November 30, 1998
--------------- ---------------
Pro Forma Weighted Pro Forma Weighted
Net Average Per Net Average Per
Income Shares Share Income Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 3,852,000 15,654,123 $ .25 $ 5,490,000 15,635,719 $ .35
Options 311,488 401,136
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 3,852,000 15,965,611 $ .24 $ 5,490,000 16,036,855 $ .34
=========== ========== ===== ========== ========== =====
EXHIBIT 11
EMMIS BROADCASTING CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PRO FORMA PER SHARE NET INCOME
---------------------------------------------------------
For the Three Months Ended For the Six Months Ended
November 30, 1997 November 30, 1997
--------------- ---------------
Pro Forma Weighted Pro Forma Weighted
Net Average Per Net Average Per
Income Shares Share Income Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 872,000 15,467,289 $ .06 $ 783,000 15,634,856 $ .05
Options 481,343 415,427
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 872,000 15,948,632 $ .05 $ 783,000 16,050,283 $ .05
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