-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A8Xxi5jWHuug2H4RvuRZqpDVU3VVnmxbHwf1eIKcE8cqy5OD76O1E7ZF+b//MlRc KHKxRV9izeQIRfozvEcqhA== 0001047469-99-029668.txt : 19990805 0001047469-99-029668.hdr.sgml : 19990805 ACCESSION NUMBER: 0001047469-99-029668 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990804 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METROMEDIA INTERNATIONAL GROUP INC CENTRAL INDEX KEY: 0000039547 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 590971455 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05706 FILM NUMBER: 99677364 BUSINESS ADDRESS: STREET 1: ONE MEADOWLANDS PLZ STREET 2: STE 2210 CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 BUSINESS PHONE: 4042616190 MAIL ADDRESS: STREET 1: ONE MEADOWLANDS PLAZA CITY: EAST RUTHERFORD STATE: NJ ZIP: 07073 FORMER COMPANY: FORMER CONFORMED NAME: ACTAVA GROUP INC DATE OF NAME CHANGE: 19930723 FORMER COMPANY: FORMER CONFORMED NAME: FUQUA INDUSTRIES INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 8-K - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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): August 4, 1999 METROMEDIA INTERNATIONAL GROUP, INC. --------------------------------------------- (Exact name of registrant as specified in its charter)
DELAWARE 1-5706 58-0971455 - -------------------------------- -------------------------------- -------------------------------- (State or other (Commission (IRS Employer jurisdiction of incorporation) File Number) Identification No.)
ONE MEADOWLANDS PLAZA, EAST RUTHERFORD, NEW JERSEY 07073-2137 - -------------------------------------------------- -------------------------------------------------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (201) 531-8000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ITEM 5. OTHER EVENTS On August 4, 1999, Metromedia International Group, Inc. (the "Company") issued a press release a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The press release filed as an exhibit to this report includes "safe harbor" language, pursuant to the Private Securities Litigation Reform Act of 1995, indicating that certain statements about the Company's business contained in the press release are "forward-looking" rather than "historic." The press release also states that a more thorough discussion of factors affecting the Company's operating results are included in the Company's Annual Report on Form 10-K and on Form 10-K/A for the fiscal year ended December 31, 1998, its Quarterly Report on Form 10-Q for the quarter ended March 31, 1999, and other reports filed by the Company with the Securities and Exchange Commission. ITEM 7. EXHIBITS (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits.
EXHIBIT NUMBER DESCRIPTION - ----------------- ------------------------------------------------------------------------------------------------- 99.1......... Press Release, dated August 4, 1999.
2 SIGNATURES 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. Date: August 4, 1999 By: /s/ SILVIA KESSEL ----------------------------------------- Silvia Kessel Executive Vice President, Chief Financial Officer and Treasurer 3 EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION PAGE NO. - ----------------- --------------------------------------------------------------------------------------- ------------- 99.1......... Press Release, dated August 4, 1999.
EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE METROMEDIA INTERNATIONAL GROUP'S NINGBO YA MEI JOINT VENTURE RECEIVES NOTICE OF PROJECT STATUS NEW YORK, August 4, 1999 - Metromedia International Group, Inc. (AMEX:MMG) today announced that it had received notification from China Unicom stating that a department of the Chinese government had requested termination of one of its four joint telecommunications projects. The notification letter from China Unicom requested that negotiations begin immediately regarding the amounts to be paid to Metromedia International's joint venture, including return of investment made and appropriate compensation and other matters related to the winding up of the joint venture's activities as a result of this notice. Representatives of Metromedia International have commenced negotiations with representatives of China Unicom on the amount of the compensation and terms of the resolution of all issues between the parties and as a result, Metromedia International cannot currently determine the amount of compensation its joint venture will receive. While the notification letter involved only the Company's joint venture in the Ningbo City, Metromedia International expects that the other three telecommunications projects in which it has invested will receive similar letters. The Company's Ningbo City project, Ningbo Ya Mei Telecommunications, Ltd., provides equipment, financing and technical services to China Unicom in support of its GSM cellular operations in Ningbo City, China. Stuart Subotnick, Metromedia International Group's President and Chief Executive Officer stated, "We have been saying for some time that the Chinese government has been examining the manner in which foreign investors have structured their investments with China Unicom. With the notification from the Chinese government on the Ningbo City project, we expect that our other three telecommunications projects will be wound up in due course. We understand that other companies with foreign investors involved in telecommunications projects with China Unicom are receiving similar notification from China Unicom. We are still evaluating other investment opportunities in communications and electronic commerce in China. As you know, we recently announced a new China joint venture to develop and operate an e-commerce system." Discussion of the terms of the conclusion of the joint venture have just commenced. The Company cannot yet predict the effect of the Ningbo Ya Mei negotiations and the expected winding up of the Company's other three telephony-related joint ventures. Negotiations, if adversely concluded, could have a materially negative effect on the Company's financial position and operating results. Depending on the amount of compensation, the Company may have to record a non-cash charge that will reduce the carrying value of the goodwill associated with its telecommunications joint ventures in China. The goodwill balance at June 30, 1999 was approximately $63 million. METROMEDIA INTERNATIONAL GROUP THIRD QUARTER 1997 RESULTS Page 2 Metromedia International Group, Inc. is a global communications and media company. Through its wholly owned subsidiary, Metromedia International Telecommunications, Inc., the Company owns and operates communications and media businesses in Eastern Europe, the Republics of the former Soviet Union and other emerging markets. These businesses include wireless and wired cable television stations; a variety of telephone operations including GSM cellular, international toll calling, fixed wireless local loop and trunk mobile radio; FM radio stations; and radio paging operations. Through its approximately 58% ownership of Metromedia China Corp., MITI operates ventures supporting Public Switched Telephone Networks and GSM systems in China. 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 FROM 10-K AND 10-Q. Contact: Ellen Strahs Fader Vice President, Investor Relations 212-606-4389 # # # -----END PRIVACY-ENHANCED MESSAGE-----