SC TO-C

================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   SCHEDULE TO

                  Tender Offer Statement under Section 14(d)(1)
                     of the Securities Exchange Act of 1934

                      Metromedia International Group, Inc.
                       (Name of Subject Company (issuer))

                        Fursa Alternative Strategies LLC
                        (Name of Filing Person (offeror))

                     Common Stock, par value $0.01 per share
                         (Title of Class of Securities)

                                    591695101
                      (CUSIP Number of Class of Securities)

                                Mickey F. Harley
                        Fursa Alternative Strategies LLC
                           444 Merrick Road, Suite 104
                               Lynbrook, NY 11563
                                 (646) 205-6200

       (Name, address and telephone number of person authorized to receive
      notices and communications on behalf of the person filing statement)

                                    Copy to:

                              Mark E. Palmer, Esq.
                            Bracewell & Giuliani LLP
                     1177 Avenue of the Americas, 19th Floor
                               New York, NY 10036
                                 (212) 508-6116

================================================================================



                            CALCULATION OF FILING FEE

   TRANSACTION VALUATION                               AMOUNT OF FILING FEE
      Not Applicable*                                    Not Applicable*

* Pursuant to General Instruction D to Schedule TO, no filing fee is required
because this filing contains only preliminary communications made before the
commencement of a tender offer.

[ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.

Amount Previously Paid: N.A.                      Form or Registration No.: N.A.

Filing Party: N.A.

Form: N.A.                                        Date Filed: N.A.

[X] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[X] amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]

                                       -2-


ITEM 12.  EXHIBITS.

Item 12 is amended and supplemented to include the following exhibits:

 EXHIBIT                DESCRIPTION
- ---------   ------------------------------------
(a)(5)(e)   Press Release, dated August 20, 2007

                                       -3-


EXHIBIT INDEX

Each Exhibit is incorporated by reference.

 EXHIBIT                  DESCRIPTION
- ---------   ---------------------------------------
(a)(5)(a)   Press Release, dated August 8, 2007(1)
(a)(5)(b)   Press Release, dated August 10, 2007(2)
(a)(5)(c)   Press Release, dated August 14, 2007(3)
(a)(5)(d)   Press Release, dated August 15, 2007(4)
(a)(5)(e)   Press Release, dated August 20, 2007

- ----------
(1) Previously filed with the Tender Offer Statement on Schedule TO-C filed with
the U.S. Securities and Exchange Commission on August 8, 2007.
(2) Previously filed with the Tender Offer Statement on Schedule TO-C filed with
the U.S. Securities and Exchange Commission on August 10, 2007.
(3) Previously filed with the Tender Offer Statement on Schedule TO-C filed with
the U.S. Securities and Exchange Commission on August 14, 2007.
(4) Previously filed with the Tender Offer Statement on Schedule TO-C filed with
the U.S. Securities and Exchange Commission on August 15, 2007.

                                       -4-

EX-99

                                                               Exhibit (a)(5)(e)

   IN OPEN LETTER, FURSA URGES METROMEDIA STOCKHOLDERS TO CONTINUE TO WITHHOLD
                        THEIR SHARES FROM CAUCUSCOM OFFER

LYNBROOK, N.Y., August 20, 2007 - Fursa Alternative Strategies ("Fursa") today
issued the following open letter to Metromedia International Group, Inc.
("Metromedia") stockholders:

         August 20, 2007

         Dear Metromedia Stockholder:

         As you know, CaucusCom Ventures L.P. and CaucusCom Mergerco Corp
         ("CaucusCom") announced last week that CaucusCom has not received
         enough shares to satisfy the Minimum Condition (as defined in the
         merger agreement), and therefore extended its tender offer for
         Metromedia until 12:00 midnight, New York City time, on Tuesday, August
         21, 2007.

         We believe it is vital that Metromedia stockholders remain patient and
         continue to hold their shares and not tender into CaucusCom's offer so
         that they will have the opportunity to review all information regarding
         Fursa's superior $2.05 per share cash proposal. We would like to remind
         all Metromedia stockholders that, on August 22, 2007, CaucusCom will be
         required to extend its tender offer again if it does not satisfy the
         Minimum Condition.

         Our proposed tender offer represents a 14% premium over CaucusCom's
         $1.80 per share cash offer, while keeping all other terms and
         conditions, including, without limitation, the same structure (tender
         offer with a backend merger), representations, warranties, covenants
         and conditions. We are working hard to complete our due diligence
         process and make our proposal unconditional. In the interim, we urge
         all Metromedia stockholders NOT to tender their shares to the CaucusCom
         offer, and that those stockholders who have tendered withdraw their
         shares until Fursa can complete its due diligence.

         We remain highly confident in our ability to obtain the necessary
         financing for the transaction and look forward to finalizing our offer
         as soon as practicable. We greatly value your support.

         Sincerely,
         / s / William F. Harley

         William F. Harley, President
         Fursa Alternative Strategies

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
stockholders 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 stockholders 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.

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