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 SIX MONTHS ENDED JUNE 29, 1997 JUNE 30, 1996 JUNE 29, 1997 JUNE 30, 1996 ------------------------------ ----------------------------- PRIMARY Average shares outstanding 96,407 97,755 97,114 97,703 ========= ========= ========= ========= Net effect of dilutive stock options and retirement units 3,428 - 3,336 - --------- --------- --------- --------- Total primary average shares outstanding 99,835 97,755 100,450 97,703 ========= ========= ========= ========= Net Income $ 84,949 $ 46,812 $136,788 $ 79,562 Less cumulative preference stock dividends (24) (24) (48) (48) --------- --------- --------- --------- Total $ 84,925 $ 46,788 $136,740 $ 79,514 ========= ========= ========= ========= Primary earnings per share $ 0.85 $ 0.48 $ 1.36 $ 0.81 ========= ========= ========= ========= FULLY-DILUTED Average shares outstanding 96,407 97,755 97,114 97,703 Net effect of dilutive stock options and retirement units 4,109 2,270 3,933 1,899 --------- --------- --------- --------- Total fully-diluted average shares outstanding 100,516 100,025 101,047 99,602 ========= ========= ========= ========= Net Income $ 84,949 $ 46,812 $136,788 $ 79,562 Less cumulative preference stock dividends (24) (24) (48) (48) --------- --------- --------- --------- Total $ 84,925 $ 46,788 $136,740 $ 79,514 ========= ========= ========= ========= Fully-diluted earnings per share $ 0.84 $ 0.47 $ 1.35 $ 0.80 ========= ========= ========= =========