(Check One): UNITED STATES
|_| Form 10-K SECURITIES AND EXCHANGE COMMISSION
|_| Form 20-F Washington, D.C. 20549
|_| Form 11-K
|X| Form 10-Q FORM 12b-25
|_| Form N-SAR
NOTIFICATION OF LATE FILING
For Period Ended: June 30, 2005
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|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
For the Transition Period Ended:
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READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
NOTHING
IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS VERIFIED ANY
INFORMATION CONTAINED HEREIN.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
Metromedia International Group, Inc.
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Full Name of Registrant
8000 Tower Point Drive
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Address of Principal Executive Office (Street and Number)
Charlotte, NC 28227
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City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or portion
|_| thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof,
will be filed on or before the fifth calendar day following the
prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if ( applicable.
PART III--NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period. (Attach Extra Sheets if Needed)
Metromedia International Group, Inc. (the "Registrant") is unable to timely
file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30,
2005 due to the additional time and effort that has been required for the
Registrant to restate its previously issued financial statements as of December
31, 2003 and for the years ended December 31, 2003 and 2002 and the quarters
ended March 31, June 30 and September 30, 2004 and 2003 and prepare and finalize
the Annual Report on Form 10-K for the year ended December 31, 2004 and its
Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2005 and
for the finance teams of the Registrant's PeterStar and Magticom business
ventures to prepare, finalize and submit their second quarter U.S. GAAP
financial results to the Registrant's corporate financial team. As a result of
the delay in the filing of the Form 10-K and the delay in the receipt of the
PeterStar and Magticom second quarter U.S. GAAP financial results, the
Registrant's corporate finance team has not been able to begin the review and
analysis of the PeterStar and Magticom second quarter financial results, and as
such, has not been able to finalize the Registrant's consolidated financial
statements and management's discussion and analysis of the Registrant's
financial condition and results of operations.
The Registrant will file its quarterly report on Form 10-Q as soon as
possible.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Harold F. Pyle, III 704 321-7380
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). |_| Yes |X| No
The Registrant has been unable to fully complete the preparation of its
consolidated financial statements and footnote disclosures for the annual
audit, as required for the filing of its Annual Report on Form 10-K for the
fiscal year ended December 31, 2004 and its Quarterly Report on Form 10-Q
for the quarterly period ended March 31, 2005.
The Registrant has also failed to timely file with the SEC the financial
information of Magticom required under Item 9.01(a) and (b) of Form 8-K in
respect of the Registrant's purchase of an additional interest in Magticom,
as previously announced by the Registrant in a press release dated February
15, 2005. The Registrant will file such financial information by amending
the Registrant's February 17, 2005 Form 8-K on or around the date the
Registrant files its Form 10-K for the fiscal year ended December 31, 2004.
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof? |X| Yes |_| No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
The Registrant's corporate finance team has not been able to begin its review
and analysis of the PeterStar and Magticom second quarter financial results, and
as such, the Registrant is not able to determine an appropriate reasonable
estimate of the results of the Registrant's consolidated financial statements.
Furthermore, the Registrant increased its ownership interests in Magticom and
Telecom Georgia during the first quarter 2005 and the Registrant has not
completed its analysis of the impact of such acquisitions on its consolidated
financial statements.
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Metromedia International Group, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
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Date: August 16, 2005 By: /S/ HAROLD F. PYLE III
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Harold F. Pyle, III
Executive Vice President Finance, Chief
Financial Officer and Treasurer