EXHIBIT 99(a)(5)(a)

            FURSA TO ENTER INTO DISCUSSIONS WITH METROMEDIA REGARDING
                      $2.05 PER SHARE ACQUISITION PROPOSAL

   Advises Metromedia Shareholders Not to Tender to CaucusCom Offer Until They
           Have Had an Opportunity to Review Fursa's Superior Proposal

LYNBROOK, NY, August 8, 2007 - Fursa Alternative Strategies LLC today confirmed
that Metromedia International Group, Inc. (Pink Sheets: MTRM) has agreed that,
subject to execution of an acceptable confidentiality agreement, it will provide
information to and enter into discussions with Fursa and its representatives
regarding Fursa's proposal to acquire Metromedia for $2.05 per common share.

Fursa believes that its proposal is superior from a financial point of view to
Metromedia's stockholders and is reasonably likely to lead to a Superior
Proposal (as defined in the Merger Agreement by and among Metromedia, CaucusCom
Mergerco Corp. and CauscusCom Ventures L.P.). Fursa's proposal would provide
Metromedia common shareholders with value substantially in excess of that under
the Merger Agreement, and represents a premium to Metromedia's stockholders of
14% over that offered under the Merger Agreement.

Fursa therefore advises Metromedia shareholders not to prematurely tender their
shares to the $1.80 per share cash offer from CaucusCom Ventures L.P. and
CaucusCom Mergerco Corp until Fursa and Metromedia complete their discussions
regarding the proposal, and until shareholders have had the opportunity to
review all information regarding Fursa's superior $2.05 per share cash proposal.

On August 1, 2007, Fursa sent a letter to Metromedia proposing to acquire all
issued and outstanding shares of Metromedia common stock, other than the
7,907,610 shares already owned by Fursa, at a purchase price of $2.05 per share
in cash, on the same terms and conditions as that set forth in the existing
Merger Agreement by and among Metromedia, CaucusCom Mergerco Corp. and
CauscusCom Ventures L.P., including, without limitation, the same structure
(tender offer with a backend merger), representations, warranties, covenants and
conditions.

The tender offer described herein has not yet commenced, and this press release
is neither an offer to purchase nor a solicitation of an offer to sell shares of
Metromedia. At the time the tender offer is commenced, Fursa will file a tender
offer statement with the U.S. Securities and Exchange Commission. Metromedia's
shareholders are strongly advised to read the relevant tender offer documents
(including an Offer to Purchase, a Letter of Transmittal, the
Solicitation/Recommendation Statement of Metromedia's and other documents) that
will be filed with the SEC, because they will contain important information that
Metromedia's shareholders should consider before tendering their shares. These
documents will be available free of charge on the SEC's web site, www.sec.gov.



ABOUT FURSA ALTERNATIVE STRATEGIES

Founded in 1999, Fursa Alternative Strategies is a hedge fund management firm
based in Lynbrook, New York.

CONTACTS

Joele Frank / Jeremy Jacobs
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449