EXHIBIT 11
THE NEW YORK TIMES COMPANY
STATEMENTS OF COMPUTATION OF PRIMARY
AND FULLY-DILUTED NET INCOME PER SHARE
(DOLLARS AND SHARES IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED
-------------------------------------------------------
DECEMBER 29, 1996 DECEMBER 31, 1995 DECEMBER 31, 1994
----------------- ----------------- -----------------
PRIMARY
Average shares outstanding.................................. 97,293 96,854 104,070
Net effect of dilutive stock options, retirement units and
put options............................................... 2,028 904 771
------- -------- --------
Total primary average shares outstanding.................... 99,321 97,758 104,841
------- -------- --------
------- -------- --------
Net Income.................................................. $ 84,534 $ 135,860 $ 213,349
Less cumulative preference stock dividends................ (96) (96) (96)
------- -------- --------
Total................................................... $ 84,438 $ 135,764 $ 213,253
------- -------- --------
------- -------- --------
Primary earnings per share.................................. $ 0.85 $ 1.39 $ 2.03
------- -------- --------
------- -------- --------
FULLY DILUTED
Average shares outstanding.................................. 97,293 96,854 104,070
Net effect of dilutive stock options, retirement units and
put options............................................... 2,286 1,082 787
------- -------- --------
Total fully-diluted average shares outstanding.............. 99,579 97,936 104,857
------- -------- --------
------- -------- --------
Net Income.................................................. $ 84,534 $ 135,860 $ 213,349
Less cumulative preference stock dividends................ (96) (96) (96)
------- -------- --------
Total................................................... $ 84,438 $ 135,764 $ 213,253
------- -------- --------
------- -------- --------
Fully-diluted earnings per share............................ $ 0.85 $ 1.39 $ 2.03
------- -------- --------
------- -------- --------