EXHIBIT 11
METROMEDIA INTERNATIONAL GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED
SEPTEMBER 30,
--------------------------
1999 1998
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Loss per common share--Basic (A):
Continuing operations..................................... $ (51,547) $(19,349)
Cumulative convertible preferred stock dividend
requirement............................................. (3,752) (3,752)
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Continuing operations attributable to common stock
shareholders............................................ (55,299) (23,101)
Discontinued operations................................... (12,776) --
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Net loss attributable to common stock shareholders........ $ (68,075) $(23,101)
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Weighted average common stock shares outstanding during the
period.................................................... 69,172 69,076
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Loss per common share--Basic:
Continuing operations..................................... $ (0.80) $ (0.33)
Discontinued operations................................... (0.18) --
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Net loss.................................................. $ (0.98) $ (0.33)
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NINE MONTHS ENDED
SEPTEMBER 30,
--------------------------
1999 1998
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Loss per common share--Basic (A):
Continuing operations..................................... $ (74,424) $(64,501)
Cumulative convertible preferred stock dividend
requirement............................................. (11,256) (11,256)
--------- --------
Continuing operations attributable to common stock
shareholders............................................ (85,680) (75,757)
Discontinued operations................................... (12,776) 5,267
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Net loss attributable to common stock shareholders........ $ (98,456) $(70,490)
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Weighted average common stock shares outstanding during the
period.................................................... 69,149 68,900
========= ========
Loss per common share--Basic:
Continuing operations..................................... $ (1.24) $ (1.10)
Discontinued operations................................... (0.18) 0.08
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Net loss.................................................. $ (1.42) $ (1.02)
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(A) In calculating diluted earnings per share, no potential shares of common
stock are to be included in the computation of diluted earnings per share
when a loss from continuing operations available to common stockholders
exists. For the three and nine months ended September 30, 1999 and 1998, the
Company had a loss from continuing operations.