EXHIBIT 11
THE TIMES MIRROR COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
SECOND QUARTER ENDED YEAR-TO-DATE ENDED
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JUNE 26, JUNE 27, JUNE 26, JUNE 27,
1994 1993 1994 1993
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PRIMARY
Average shares outstanding.............. 128,608,748 128,583,639 128,608,046 128,578,630
Dilutive stock options based on the
treasury stock method using average
market price.......................... 127,862 153,175 262,422 179,214
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Total............................... 128,736,610 128,736,814 128,870,468 128,757,844
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Income from continuing operations....... $32,090 $20,401 $39,591 $32,057
Income from discontinued operations, net
of income taxes........................ 13,279 27,461 28,504 45,589
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Net income.............................. $45,369 $47,862 $68,095 $77,646
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Earnings per share:
Continuing operations................. $.25 $.16 $.31 $.25
Discontinued operations............... .10 .21 .22 .35
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Earnings per share...................... $.35 $.37 $.53 $.60
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FULLY DILUTED
Average shares outstanding.............. 128,608,748 128,583,639 128,608,046 128,578,630
Dilutive stock options based on the
treasury stock method using market
price at the close of the period, if
higher than average market price...... 127,862 153,175 262,422 179,214
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Total............................... 128,736,610 128,736,814 128,870,468 128,757,844
Income from continuing operations....... $32,090 $20,401 $39,591 $32,057
Income from discontinued operations, net
of income taxes........................ 13,279 27,461 28,504 45,589
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Net Income.............................. $45,369 $47,862 $68,095 $77,646
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Earnings per share:
Continuing operations................. $.25 $.16 $.31 $.25
Discontinued operations............... .10 .21 .22 .35
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Earnings per share...................... $.35 $.37 $.53 $.60
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