Exhibit 11 THE NEW YORK TIMES COMPANY STATEMENTS OF COMPUTATION OF PRIMARY AND FULLY DILUTED NET INCOME PER SHARE (Dollars and shares in thousands, except per share data) ------------------------------ ------------------------------ Quarter Ended Nine Months Ended Sept. 28, 1997 Sept. 29, 1996 Sept. 28, 1997 Sept. 29, 1996 ============================== ============================== PRIMARY Average shares outstanding 95,893 97,008 96,631 97,472 ========= ========= ========= ========= Net effect of dilutive stock options and retirement units 3,753 -- 3,475 -- --------- --------- --------- --------- Total primary average shares outstanding 99,646 97,008 100,106 97,472 ========= ========= ========= ========= Net Income $ 46,228 $ (47,684) $ 183,016 $ 31,842 Less cumulative preference stock dividends (24) (24) (72) (72) --------- --------- --------- --------- Total $ 46,204 $ (47,708) $ 182,944 $ 31,770 ========= ========= ========= ========= Primary earnings per share $ 0.46 $ (0.49) $ 1.83 $ 0.33 ========= ========= ========= ========= FULLY DILUTED Average shares outstanding 95,893 97,008 96,631 97,472 Net effect of dilutive stock options and retirement units 4,059 2,305 3,975 2,034 --------- --------- --------- --------- Total fully diluted average shares outstanding 99,952 99,313 100,606 99,506 ========= ========= ========= ========= Net Income $ 46,228 $ (47,684) $ 183,016 $ 31,842 Less cumulative preference stock dividends (24) (24) (72) (72) --------- --------- --------- --------- Total $ 46,204 $ (47,708) $ 182,944 $ 31,770 ========= ========= ========= ========= Fully diluted earnings per share $ 0.46 $ (0.48) $ 1.82 $ 0.32 ========= ========= ========= =========