SFX BROADCASTING, INC. AND SUBSIDIARIES
EXHIBIT 11.1
STATEMENT REGARDING CALCULATION OF PER SHARE EARNINGS
(DOLLARS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
Three Months Ended March 31,
1997 1996
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Primary and Fully Diluted:
Average shares outstanding.................................... 9,161,433 7,458,215
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Total................................................ 9,161,433 7,458,215
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Net loss ..................................................... $ (6,488) $ (985)
Less: preferred stock dividends and accretion................. 7,952 136
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Net loss attributable to common shareholders.................. (14,440) (1,121)
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Net loss per common shares.................................... $ (1.58) $ (0.15)
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