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
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1993 1992 1991
---- ---- ----
Weighted average shares outstanding
Class A Common 1,843 1,843 1,847
Class B Common (excludes shares
issuable upon exercise of
stock options - accounted
for below) 9,903 9,984 10,027
--------- --------- ---------
11,746 11,827 11,874
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Add - Shares assumed issuable upon
exercise of stock options 69 52 27
Deduct - Shares assumed to be
purchased for Treasury with proceeds
from exercise of stock options (65) (49) (25)
--------- --------- ---------
4 3 2
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Shares used in computation of
primary earnings per share 11,750 11,830 11,876
Adjustment to reflect fully
diluted computation (1) -- -- --
--------- --------- ---------
11,750 11,830 11,876
========== ========== ==========
Net income $ 165,417 $ 127,796 $ 70,824
========== ========== ==========
Primary earnings per share $ 14.08 $ 10.80 $ 5.96
========== ========== ==========
Fully diluted earnings per
share (1) $ 14.08 $ 10.80 $ 5.96
========== ========== ==========
(1) This computation is submitted although it is not required by Accounting
Principles Board Opinion No. 15 since it results in dilution of less
than 3%.