1 EXHIBIT 11 THE WASHINGTON POST COMPANY AND SUBSIDIARIES CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (AMOUNTS IN THOUSANDS EXCEPT PER SHARE DATA) Fiscal Year ---------------------------------------------- 2000 1999 1998 --------- --------- --------- Weighted average shares outstanding Class A Common 1,739 1,739 1,739 Class B Common (excluding shares issuable upon exercise of stock options - accounted for below) 7,706 8,322 8,348 --------- --------- --------- Shares used in computation of basic earnings per share 9,445 10,061 10,087 Add - Shares assumed issuable upon exercise of stock options 93 122 185 Deduct - Shares assumed to be purchased for Treasury with proceeds from exercise of stock options (78) (101) (143) --------- --------- --------- Shares used in computation of diluted earnings per common share 9,460 10,082 10,129 ========= ========= ========= Net income available for common shares $ 135,444 $ 224,835 $ 416,303 ========= ========= ========= Basic earnings per common share $ 14.34 $ 22.35 $ 41.27 ========= ========= ========= Diluted earnings per common share $ 14.32 $ 22.30 $ 41.10 ========= ========= =========