Exhibit 11

Computations of Earnings Per Common Share

|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |   |       |  
|--------- | ---------------------------------------------------- | ------------------------------------- |  | ------------------------- | ------ | ------------------ |  | ------ | ------ | ------ |  | --------- | ----- | ------ |  | ------ | ------ | --------- |  |  | ------ |  |  | - | ----- | - |  | - | ------ | - |  |  | ------ |  |  | - | ----- | -
|          |                                                      |                                       |  |                          
|          |                                                      | 1998                                  |  | 1999                     
|          |                                                      |                                       |  |                          
|          |                                                      |                                       |  |                           |        |                   
|          |                                                      | Three Months Ended                    |  | Six Months Ended          |        | Three Months Ended
|          |                                                      | June 30,                              |  | June 30,                  |        | June 30,          
|          |                                                      |                                       |  |                           |        |                   
|          |                                                      | Net                                   |  |                           |        | Per Share          |  | Net    |        |        |  | Per Share |       | Net    |  |        |        | Per Share
|          |                                                      | Income                                |  | Shares                    |        | Amount             |  | Income |        | Shares |  | Amount    |       | Income |  | Shares |        | Amount   
|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |          
|          |                                                      |                                       |  |                          
|          |                                                      | (In thousands, except per share data) |  | (In thousands, except per
|          |                                                      |                                       |  | share data)              
|Basic EPS |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |  
|         
|         
|         
|         
|          | Net income (loss)  available to common shareholders: |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |   |      
|         
|         
|         
|         
|          |                                                      | Continuing operations                 |  | $                         | (832   | )                  |  |        | 15,480 |        |  |           |       |        |  | $      | (101   | )         |  |  | 15,350 |  |  |   |       |   |  | $ | (3,167 | ) |  |  | 15,702 |  |  |   |       |  
|         
|         
|         
|         
|          |                                                      | Discontinued operations               |  |                           | (1,364 | )                  |  |        |        |        |  |           |       |        |  |        | (1,796 | )         |  |  |        |  |  |   |       |   |  |   |       |   |  |  |        |  |  |   |       |  
|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |  
|          |                                                      | Total                                 |  | $                         | (2,196 | )                  |  |        |        |        |  |           |       |        |  | $      | (1,897 | )         |  |  |        |  |  |   |       |   |  | $ | (3,167 | ) |  |  |        |  |  |   |       |  
|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |  
|          |                                                      | Continuing operations                 |  |                           |        |                    |  |        |        |        |  | $         | (0.05 | )      |  |        |        |           |  |  |        |  |  | $ | (0.00 | ) |  |   |        |   |  |  |        |  |  | $ | (0.20 | )
|         
|         
|         
|         
|          |                                                      | Discontinued operations               |  |                           |        |                    |  |        |        |        |  |           | (0.09 | )      |  |        |        |           |  |  |        |  |  |   | (0.12 | ) |  |   |        |   |  |  |        |  |  |   |      |  
|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |  
|          |                                                      | Total                                 |  |                           |        |                    |  |        |        |        |  | $         | (0.14 | )      |  |        |        |           |  |  |        |  |  | $ | (0.12 | ) |  |   |        |   |  |  |        |  |  | $ | (0.20 | )
|          |                                                      |                                       |  |                           |        |                    |  |        |        |        |  |           |       |        |  |        |        |           |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |  

[Additional columns below]

[Continued from above table, first column(s) repeated]

|          |                                                      |                         |  |        |        |           |  |  |        |  |  |   |       |  
|--------- | ---------------------------------------------------- | ----------------------- |  | ------ | ------ | --------- |  |  | ------ |  |  | - | ----- | -
|          |                                                      |                        
|          |                                                      | 1999                   
|          |                                                      |                        
|          |                                                      |                        
|          |                                                      | Six Months Ended       
|          |                                                      | June 30,               
|          |                                                      |                        
|          |                                                      | Net                     |  |        |        | Per Share
|          |                                                      | Income                  |  | Shares |        | Amount   
|          |                                                      |                         |  |        |        |          
|Basic EPS |                                                      |                         |  |        |        |           |  |  |        |  |  |  
|         
|         
|         
|         
|          | Net income (loss)  available to common shareholders: |                         |  |        |        |           |  |  |        |  |  |   |      
|         
|         
|         
|         
|          |                                                      | Continuing operations   |  | $      | (5,059 | )         |  |  | 15,671 |  |  |   |       |  
|         
|         
|         
|         
|          |                                                      | Discontinued operations |  |        |       |           |  |  |        |  |  |   |       |  
|          |                                                      |                         |  |        |        |           |  |  |        |  |  |  
|          |                                                      | Total                   |  | $      | (5,059 | )         |  |  |        |  |  |   |       |  
|          |                                                      |                         |  |        |        |           |  |  |        |  |  |  
|          |                                                      | Continuing operations   |  |        |        |           |  |  |        |  |  | $ | (0.32 | )
|         
|         
|         
|         
|          |                                                      | Discontinued operations |  |        |        |           |  |  |        |  |  |   |      |  
|          |                                                      |                         |  |        |        |           |  |  |        |  |  |  
|          |                                                      | Total                   |  |        |        |           |  |  |        |  |  | $ | (0.32 | )
|          |                                                      |                         |  |        |        |           |  |  |        |  |  |  

Note: The Companys subordinated debt, which is
exchangeable into 2.8 million shares of the Companys
Class A Common Stock, was outstanding during the
six months ended June 30, 1998 and 1999 respectively,
but was not included in the computation of diluted earnings per
share because the effect of which would have been
anti-dilutive. Options to purchase 2.3 million shares of
Class A Common Stock were outstanding during the
six months ended June 30, 1999, but were not included
in the computation of diluted earnings per share because the
effect of which would have been anti-dilutive.

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