NOTE 12-COMMON STOCK

As of June 30, 2006, the Company's authorized common stock consists of 650 million shares of Class A Common Stock, par value $.01 per share, and 240 million shares of Class B Common Stock, par value $.01 per share. Class B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time and from time to time at the option of the holder, on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted. Holders of the Company's Class A Common Stock are entitled to one vote per share and holders of the Company's Class B Common Stock are entitled to ten votes per share.

Information about the Company's common stock outstanding is as follows:

Class A Class B
(Shares in thousands)
Balance at June 30, 2003       119,993.7       107,462.5
Acquisition of treasury stock (2,832.6 ) -
Conversion of Class B to Class A 14,449.6 (14,449.6 )
Share grants 2.0 -
Stock option programs 2,901.4 -
Balance at June 30, 2004 134,514.1 93,012.9
Acquisition of treasury stock (10,720.0 ) -
Issuance of treasury stock 1.5 -
Conversion of Class B to Class A 5,372.0 (5,372.0 )
Share grants 1.2 -
Stock option programs 3,494.6 -
Balance at June 30, 2005 132,663.4 87,640.9
Acquisition of treasury stock (11,216.3 ) -
Issuance of treasury stock 8.0 -
Conversion of Class B to Class A 2,335.0 (2,335.0 )
Share grants 4.0 -
Stock option programs 2,661.0 -
Balance at June 30, 2006 126,455.1 85,305.9

On September 18, 1998, the Company's Board of Directors authorized a share repurchase program to repurchase a total of up to 8.0 million shares of Class A Common Stock in the open market or in privately negotiated transactions, depending on market conditions and other factors. The Board of Directors authorized the repurchase of up to 10.0 million additional shares of Class A Common Stock in both October 2002 and May 2004, and an additional 20.0 million in May 2005, increasing the total authorization under the share repurchase program to 48.0 million shares. As of June 30, 2006, approximately 38.6 million shares have been purchased under this program.

In May 2005, the Company purchased 1,872,000 shares of Class A Common Stock from a related party for $73.5 million. The repurchase was part of the program described in the previous paragraph.

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