EXHIBIT 11
THE TIMES MIRROR COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
THIRD QUARTER ENDED YEAR-TO-DATE ENDED
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SEPTEMBER 25, SEPTEMBER 26, SEPTEMBER 25, SEPTEMBER 26,
1994 1993 1994 1993
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PRIMARY
Average shares outstanding.............. 128,612,692 128,592,924 128,609,594 128,583,394
Dilutive stock options based on the
treasury stock method using average
market price.......................... 108,907 124,806 188,768 155,754
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Total............................... 128,721,599 128,717,730 128,798,362 128,739,148
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Income from continuing operations....... $39,794 $15,249 $ 79,385 $ 47,306
Income from discontinued operations, net
of income taxes....................... 12,505 62,458 41,009 108,047
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Net income.............................. $52,299 $77,707 $120,394 $155,353
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Earnings per share:
Continuing operations................. $.31 $.12 $.61 $ .37
Discontinued operations............... .10 .48 .32 .84
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Earnings per share...................... $.41 $.60 $.93 $1.21
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FULLY DILUTED
Average shares outstanding.............. 128,612,692 128,592,924 128,609,594 128,583,394
Dilutive stock options based on the
treasury stock method using market
price at the close of the period, if
higher than average market price...... 108,907 124,806 188,768 155,754
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Total............................... 128,721,599 128,717,730 128,798,362 128,739,148
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Income from continuing operations....... $39,794 $15,249 $ 79,385 $ 47,306
Income from discontinued operations, net
of income taxes....................... 12,505 62,458 41,009 108,047
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Net Income.............................. $52,299 $77,707 $120,394 $155,353
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Earnings per share:
Continuing operations................. $.31 $.12 $.61 $ .37
Discontinued operations............... .10 .48 .32 .84
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Earnings per share...................... $.41 $.60 $.93 $1.21
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