As filed with the Securities and Exchange Commission on May 18, 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): MAY 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 May 18, 2004
ITEM 9. OTHER EVENTS AND REGULATION FD DISCLOSURE
On May 18, 2004, the Company announced the following in regards to its Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2004 (the "Current
Quarterly Report):
o The Company has not completed in a timely manner the preparation of
the Current Quarterly Report;
o The Company will not file a Form 12b-25, Notification of Late Filing,
with the United States Securities and Exchange Commission (the "SEC"),
since it cannot predict with certainty at this time when it will file
its Current Quarterly Report; and
o The Company also announced that, in view of the delay in filing its
Current Quarterly Report, the trustee of its Series A and B 10 1/2 %
Senior Discount Notes Due 2007 (the "Senior Notes"), has issued a
notice that the Company is not in compliance with requirements of the
indenture governing these Senior Notes (the "Indenture") and that the
Company must resolve this compliance matter no later than July 16,
2004, the sixtieth day following the receipt of the trustee's letter
in order to avoid an event of default. The Company presently expects
that it will file the Current Quarterly Report within the 60-day
period required for compliance with the Indenture.
Furthermore, as previously announced on April 5, 2004, the Company received
notification from the trustee of its Senior Notes that the Company was not in
compliance with requirements of the Indenture underlying the Senior Notes since
it has not yet filed its 2003 Annual Report on Form 10-K (the "Current Annual
Report") with the SEC and delivered to the trustee the compliance certificates
pursuant to Section 4.4 (a) of the Indenture. The Company has until June 1,
2004, the sixtieth day following the receipt of the trustee's letter, to file
its Current Annual Report with the SEC and deliver the requisite compliance
certificates to the trustee in order to avoid an event of default. Although no
assurances can be given, the Company expects that it will complete these items
on or prior to the June 1, 2004 deadline.
The press release announcing this matter is attached as Exhibit 99.1 and is
incorporated herein by reference.
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SIGNATURE
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: May 18, 2004
Charlotte, NC
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release of Metromedia International Group, Inc. dated
May 18, 2004
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