EXHIBIT 11
METROMEDIA INTERNATIONAL GROUP, INC.
Computation of Earnings Per Share
(in thousands, except per share amounts)
Three Months Ended
--------------------------
September 30, September 30,
1996 1995
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Loss Per Share - Primary
Loss from continuing operations before
discontinued operations and
extraordinary item $(22,050) $(16,146)
Discontinued operations (16,305) --
Extraordinary item (4,505) --
-------- --------
Net loss available for Common
Stock and Common Stock equivalents $(42,860) $(16,146)
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Common Stock and Common Stock Equivalents (A)
Weighted average common shares outstanding
during the period 65,482 20,952
======== ========
Loss Per Share - Primary
Continuing operations $ (0.34) $ (0.77)
Discontinued operations (0.25) --
Extraordinary item (0.07) --
-------- --------
Net Loss $ (0.66) $ (0.77)
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Loss Per Share - Assuming Full Dilution $ n/a (B) $ n/a (B)
======== ========
Nine Months Ended
----------------------------
September 30, September 30,
1996 1995
------------ -------------
Loss Per Share - Primary
Loss from continuing operations before
discontinued operations and
extraordinary item $(60,041) $(53,226)
Discontinued operations (16,305) --
Extraordinary item (4,505) --
-------- --------
Net loss available for Common
Stock and Common Stock equivalents $(80,851) $(53,226)
-------- --------
Common Stock and Common Stock Equivalents (A)
Weighted average common shares outstanding
during the period 50,311 20,944
-------- --------
Loss Per Share - Primary
Continuing operations $ (1.19) $ (2.54)
Discontinued operations (0.32) --
Extraordinary item (0.09) --
-------- --------
Net Loss $ (00.60) $ (2.54)
======== ========
Loss Per Share - Assuming Full Dilution $ n/a (B) $ n/a (B)
======== ========
(A)- Common stock equivalents are not included in primary loss per share in
the Three and Nine Months Ended September 30, 1996 and 1995 because they
would be anti-dilutive.
(B)- Fully diluted loss per share is not used in the Three and Nine Months
Ended September 30, 1996 and 1995 because it is less than primary loss per
share.