EXHIBIT 11
METROMEDIA INTERNATIONAL GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED
JUNE 30,
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1999 1998
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Loss per common share--Basic (A):
Continuing operations............................................................. $ (11,607) $ (22,189)
Cumulative convertible preferred stock dividend requirement....................... (3,752) (3,752)
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Continuing operations attributable to common stock shareholders................... (15,359) (25,941)
Discontinued operations........................................................... -- 5,267
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Net loss attributable to common stock shareholders................................ $ (15,359) $ (20,674)
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Weighted average common stock shares outstanding during the period.................. 69,151 69,046
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Loss per common share--Basic:
Continuing operations............................................................. $ (0.22) $ (0.38)
Discontinued operations........................................................... -- 0.08
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Net loss.......................................................................... $ (0.22) $ (0.30)
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SIX MONTHS ENDED JUNE
30,
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1999 1998
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Loss per common share--Basic (A):
Continuing operations................................................................ $ (22,877) $ (45,152)
Cumulative convertible preferred stock dividend requirement.......................... (7,504) (7,504)
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Continuing operations attributable to common stock shareholders...................... (30,381) (52,656)
Discontinued operations.............................................................. -- 5,267
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Net loss attributable to common stock shareholders................................... $ (30,381) $ (47,389)
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Weighted average common stock shares outstanding during the period..................... 69,137 68,810
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Loss per common share--Basic:
Continuing operations................................................................ $ (0.44) $ (0.77)
Discontinued operations.............................................................. -- 0.08
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Net loss............................................................................. $ (0.44) $ (0.69)
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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 six months ended June 30, 1999 and 1998, the
Company had a loss from continuing operations.