Exhibit 99.1


                        METROMEIDA FIBER NETWORK, INC. 
                           OFFERING OF SENIOR NOTES


New York--November 20, 1998--Metromedia Fiber Network, Inc. (MFNX:Nasdaq) 
today announced that it is in the process of completing its unregistered 
offering for $650,000,000 aggregate principal amount of 10.00% Senior Notes 
due 2008.  The Senior Notes will be issued on November 25, 1998, at a price 
per Senior Note of 100.00%.  The net proceeds from the offering are expected 
to aggregate approximately $630.0 million.  Approximately $91.5 million of 
these proceeds well be used to purchase U.S. government securities that will 
be pledged to secure the payment in full of the interest on the Senior Notes 
through May 15, 2000.  The balance of the net proceeds will be used for the 
build-out of Metromedia Fiber Network's intra-city and inter-city networks in 
the United States and Europe and for other capital expenditures, working 
capital and other general corporate purposes, including possible acquisitions 
of other companies or assets.  The Senior Notes have not been and will not be 
registered under the Securities Act of 1933, as amended, and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from registration requirements.

CONTACT:

      JEFFREY LUTH
      G.A. KRAUT COMPANY, INC.
      212-696-5600