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) QUARTER ENDED QUARTER ENDED MARCH 30, 1997 MARCH 31, 1996 -------------- ------------------- PRIMARY Average shares outstanding..................................................... 97,821 97,653 Net effect of dilutive stock options and retirement units...................... 3,245 - -------------- ------------- Total primary average shares outstanding....................................... 101,066 97,653 -------------- ------------- -------------- ------------- Net Income..................................................................... $ 51,839 $ 32,714 Less cumulative preference stock dividends................................... (24) (24) -------------- ------------- Total...................................................................... $ 51,815 $ 32,690 -------------- ------------- -------------- ------------- Primary earnings per share..................................................... $ 0.51 $ 0.33 -------------- ------------- -------------- ------------- FULLY DILUTED Average shares outstanding..................................................... 97,821 97,653 Net effect of dilutive stock options and retirement units...................... 3,758 - -------------- ------------- Total fully diluted average shares outstanding................................. 101,579 97,653 -------------- ------------- -------------- ------------- Net Income..................................................................... $ 51,839 $ 32,714 Less cumulative preference stock dividends................................... (24) (24) -------------- ------------- Total...................................................................... $ 51,815 $ 32,690 -------------- ------------- -------------- ------------- Fully diluted earnings per share............................................... $ 0.51 $ 0.33 -------------- ------------- -------------- -------------