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EXHIBIT 11.1
SOFTKEY INTERNATIONAL INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (LOSS)
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
Three Months Ended
March 31,
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1996 1995
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FULLY DILUTED
Net income (loss) $ (76,321) $ 7,759
Weighted average common and Exchangeable Shares
outstanding 32,874,000 22,128,000
Incremental shares calculated by the Treasury Stock
Method applied to options, convertible debentures
and warrants issued, using the greater of the closing
and average fair value -- 1,307,000
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Common and common share equivalents outstanding for
purposes of calculating fully diluted earnings per
share 32,874,000 23,435,000
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Fully diluted earnings (loss) per share $ (2.32) $ 0.33
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PRIMARY
Net income (loss) $ (76,321) $ 7,759
Weighted average common and Exchangeable Shares
Outstanding 32,874,000 22,099,000
Incremental shares calculated by the Treasury Stock
Method applied to options, convertible debentures
and warrants issued, using the greater of the closing
and average fair value -- 1,228,000
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Common and common share equivalents outstanding
for purposes of calculating primary earnings
per share 32,874,000 23,327,000
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Primary earnings (loss) per share $ (2.32) $ 0.33
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