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SPELLING ENTERTAINMENT GROUP INC. AND SUBSIDIARIES
EXHIBIT 11 - COMPUTATION OF NET INCOME (LOSS) PER COMMON
AND COMMON EQUIVALENT SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Six Months Ended
June 30, June 30,
--------------------------- ----------------------------
1996 1995 1996 1995
-------- -------- --------- --------
Net income (loss) $(21,986) $ 880 $(25,732) $ 8,151
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Shares:
Basic shares - weighted average of
common shares outstanding 90,409 88,327 90,255 88,254
Additional shares, when dilutive, assuming
conversion of stock options and warrants -- 1,687 -- 1,558
-------- -------- -------- --------
Primary shares 90,409 90,014 90,255 89,812
Additional shares, when dilutive, assuming
full dilution of stock options and warrants -- -- -- --
-------- -------- -------- --------
Fully diluted shares 90,409 90,014 90,255 89,812
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Primary and fully diluted net income (loss)
per common and common equivalent share $ (0.24) $ 0.01 $ (0.29) $ 0.09
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Note 1: This calculation is submitted in accordance with the Securities
Exchange Act of 1934 although not required by footnote 2 to paragraph
14 of APB Opinion No. 15 because the calculation of primary and
fully diluted net income (loss) per common and common equivalent share
results in a dilution of less than 3% or is anti-dilutive.