EXHIBIT 2


                 [LETTERHEAD OF METROMEDIA INTERNATIONAL GROUP]

FOR IMMEDIATE RELEASE


                         METROMEDIA INTERNATIONAL GROUP
           ANNOUNCES INTEREST ON SENIOR NOTES PAID WITHIN GRACE PERIOD


NEW YORK, OCTOBER 29, 2002 -- Metromedia International Group, Inc. (the Company)
(AMEX:MMG), the owner of various interests in communications and media
businesses in Eastern Europe, the Commonwealth of Independent States and other
emerging markets, announced that earlier today it remitted $11.2 million to U.S.
Bank Corporate Trust Services, the trustee of its $210.6 million 10 1/2 % Senior
Discount Notes due 2007, thereby effecting the required interest payment within
the 30-day grace period provided under the notes. This amount reflects the $11.1
million coupon payment that was due on September 30, 2002, plus interest accrued
since that date.

In making the announcement, Carl Brazell, Chairman, President and Chief
Executive Officer of MMG, commented, "The payment of the semi-annual interest
coupon was a decision that the Company gave careful consideration. Our
objectives in making the interest payment were centered on adding stability to
the Company's current restructuring process. By avoiding an "event of default"
under the indenture governing these notes, the Company is better able to pursue
its strategy of facilitating, where and when appropriate, future assets sales at
times and under terms and conditions, including price, most favorable to the
Company."

The Company continues to hold negotiations with representatives of holders of
its Senior Discount Notes in an attempt to reach an agreement on a restructuring
of its indebtedness in conjunction with proposed asset sales and restructuring
alternatives.

To date, the Company and representatives of note holders have not reached an
agreement on terms of a restructuring. The Company cannot make any assurance
that it will be successful in raising additional cash through asset sales or
through cash repatriations from its business ventures, nor can it make any
assurance regarding the successful restructuring of its indebtedness.


ABOUT METROMEDIA INTERNATIONAL GROUP
------------------------------------

Metromedia International Group, Inc. is a global communications and media
company. Through its wholly owned subsidiaries and its business ventures, the
Company owns and operates communications and media businesses in Eastern Europe,
the Commonwealth of Independent States and other emerging markets. These include
a variety of telephony businesses including cellular operators, providers of
local, long distance and international services over fiber-optic and
satellite-based networks, international toll calling, fixed wireless local loop,
wireless and wired cable television networks and broadband networks and FM radio
stations.

This news release contains certain forward-looking statements that involve risks
and uncertainties. Factors that could cause or contribute to such risks and
uncertainties include, but are not limited to, general economic and business
conditions, competition, changes in technology and methods of marketing, and
various other factors beyond the Company's control. This also includes such
factors as are described from time to time in the SEC reports filed by
Metromedia International Group, Inc., including its most recently filed
quarterly report on Form 10-Q and the Company's annual report on Form 10-K for
the year ended December 31, 2001. The Company is not under, and expressly
disclaims any, obligation to update the information in this news release for any
future events, including changes in its cash balances or other events affecting
liquidity.

Please visit our website at WWW.METROMEDIA-GROUP.COM.




METROMEDIA INTERNATIONAL ANNOUNCES INTEREST PAYMENT ON SENIOR NOTES       Page 2


CONTACTS:

METROMEDIA INTERNATIONAL GROUP, INC.

Investor Relations

Ernie Pyle
Senior Vice President Finance,
Chief Financial Officer and Treasurer
(212) 527-3800