EX-11 2 ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Exhibit 11 METROMEDIA INTERNATIONAL GROUP, INC. Computation of Earnings Per Share (in thousands, except per share amounts)
Years ended December 31, ---------------------------------------- 2000 1999 1998 -------- --------- --------- Loss per common share - Basic (A): Continuing operations $(24,304) $(129,207) $(135,986) Cumulative convertible preferred stock dividend requirement (15,008) (15,008) (15,008) -------- --------- --------- Continuing operations attributable to common stock shareholders (39,312) (144,215) (150,994) Discontinued operations -- (12,776) 12,316 -------- --------- --------- Net loss attributable to common stock shareholders $(39,312) $(156,991) $(138,678) ======== ========= ========= Weighted average common stock shares outstanding during the period 93,978 75,232 68,955 ======== ========= ========= Loss per common share - Basic: Continuing operations $ (0.42) $ (1.92) $ (2.19) Discontinued operations -- (0.17) 0.18 -------- --------- --------- Net loss $ (0.42) $ (2.09) $ (2.01) ======== ========= =========
--------- (A) In calculating diluted earnings per share, no potential shares of common stock are to be included in the computation when a loss from continuing operations available to common stock shareholders exists. For the years ended December 31, 2000, 1999 and 1998, the Company had a loss from continuing operations.