Exhibit 11
to
Form 10-Q for the Quarterly
Period Ended March 31, 1997
CINCINNATI BELL INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
Dollars in millions, except per share amounts; shares in thousands
(Unaudited)
Three Months
Ended March 31,
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1997 1996
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PRIMARY
Weighted average common shares outstanding............. 135,450 133,743
Net effect of stock options, if dilutive, based on
the treasury stock method using the average
market price......................................... 2,101 1,578
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Total shares for computing primary earnings per share.. 137,551 135,321
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Net income............................................ $ 57.2 $ 41.7
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Net income per share.................................. $ .42 $ .31
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FULLY DILUTED
Weighted average common shares outstanding............. 135,450 133,743
Net effect of stock options, if dilutive,
based on the treasury stock method using the
greater of average or period - end market price...... 2,101 2,402
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Total shares for computing fully diluted earnings per
share................................................ 137,551 136,145
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Net income............................................. $ 57.2 $ 41.7
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Net income per share................................... $ .42 $ .31
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