SPELLING ENTERTAINMENT GROUP INC.
EXHIBIT 11
COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE
(In Thousands, Except Per Share Data)
Year ended December 31,
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1997 1996 1995
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Net Income (Loss):
Income (loss) from continuing operations
applicable to common stock $ (12,322) $ 4,075 $ 34,131
Loss from discontinued operations (40,000) (255,200) (17,610)
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Net income (loss) applicable to common stock $ (52,322) $ (251,125) $ 16,521
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Shares:
Basic shares - weighted average of common
shares outstanding 90,777 90,369 88,458
Additional shares assuming conversion
of stock options and warrants - 929 1,726
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Diluted shares 90,777 91,298 90,184
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Basic income (loss) per common share:
Continuing operations $ (0.14) $ 0.04 $ 0.39
Discontinued operations (0.44) (2.82) (0.20)
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Basic income (loss) per common share $ (0.58) $ (2.78) $ 0.19
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Diluted income (loss) per common share:
Continuing operations $ (0.14) $ 0.04 $ 0.38
Discontinued operations (0.44) (2.79) (0.20)
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Diluted income (loss) per common share $ (0.58) $ (2.75) $ 0.18
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