As filed with the Securities and Exchange Commission on March 26, 2004
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2004
METROMEDIA INTERNATIONAL GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5706 58-0971455
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
8000 Tower Point Drive, Charlotte, NC 28227
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 321-7380
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(Former name or former address, if changed since last report)
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Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press Release of Metromedia International
Group, Inc., dated March 18, 2004
99.2 Press Release of Metromedia International
Group, Inc., dated March 26, 2004
Item 9. Other Events and Regulation FD Disclosure
On March 18, 2004, the Company announced that its Russian telephony
subsidiary, PeterStar, has entered into transactions permitting it to acquire
80% of the outstanding shares of Pskov City Telephone Network ("PGTS"), an
incumbent local exchange carrier in North-West Russia. PGTS, established in
1901, is one of Russia's oldest telecommunications operators and is a Russian
public company. Peterstar, which is a 71% subsidiary of the Company, is the
leading competitive local exchange carrier in St. Petersburg, Russia. The Pskov
district is located in the North-West Region of Russia and borders the Baltic
States and Belarus.
On March 26, 2004, the Company announced that it has completed the sale
of its interests in Arkhangelsk Television Company ("ATK") and Cosmos TV
("Cosmos"), to Star Broadband Limited, a British Virgin Islands company, which
is controlled by Dominic Reed, former General Director of the Company's Cable
Business Group and Yuri Firsov, the current General Director of ATK, for net
cash proceeds of approximately $2.2 million, respectively.
The press releases announcing these matters are attached as Exhibits
99.1 and 99.2 and are incorporated herein by reference.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
METROMEDIA INTERNATIONAL GROUP, INC.
By: /S/ HAROLD F. PYLE, III
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Name: Harold F. Pyle, III
Title: Executive Vice President Finance,
Chief Financial Officer and Treasurer
Date: March 26, 2004
Charlotte, NC
EXHIBIT INDEX
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Exhibit Description
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99.1 Press Release of Metromedia International Group, Inc.
dated March 18, 2004
99.2 Press Release of Metromedia International Group, Inc.
dated March 26, 2004