As filed with the Securities and Exchange Commission on July 9, 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): JULY 8, 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) No.) Identification
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 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
The Company announced that it has reached an agreement to sell its
wholly-owned Radio business unit, Metromedia International Inc. ("MII") to
Communicorp Group Limited ("Communicorp") for an aggregate cash purchase price
of $14.25 million. MII holds the Company's interests in seventeen of the
Company's remaining eighteen radio businesses operating in Bulgaria, Czech
Republic, Estonia, Finland and Hungary.
The press release announcing this matter is attached as Exhibit 99.1
and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press Release of Metromedia International Group, Inc., dated July 9, 2004
99.2 Stock Purchase Agreement as of July 8, 2004, by and between COMMUNICORP
GROUP LIMITED, Metromedia International Telecommunications, Inc., and
Metromedia International Group, Inc.
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: July 9, 2004
Charlotte, NC