SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Cadence Investment Management, LLC (Last) (First) (Middle) 800 THIRD AVENUE, 10TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/05/2006	3. Issuer Name and Ticker or Trading Symbol METROMEDIA INTERNATIONAL GROUP INC [ MTRM ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks Section	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,363,442	I	See(1)(4)
Common Stock	551,031	D(2)(4)
Common Stock	155,000	D(3)(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Cadence Investment Management (as defined below) serves as the investment manager to Cadence Master Ltd. ("Cadence Master") and to separate managed accounts and is deemed to indirectly beneficially own the shares of common stock owned by Cadence Master and the separate accounts it manages. Philip R. Broenniman serves as the managing member of Cadence Investment Management and may be deemed to beneficially own the shares of common stock beneficially owned by Cadence Investment Management.

2. Cadence Master directly owns 551,031 shares of common stock.

3. Mr. Broenniman directly owns 155,000 shares of common stock.

4. Cadence Investment Management, Cadence Master and Mr. Broenniman disclaim any pecuniary interest in the shares of common stock owned by the other Group Members (as defined below).

Remarks:

Cadence Investment Management, LLC ("Cadence Investment Management") may be deemed to be a member of a group within the meaning of Rule 13d-5 promulgated under the Securities Exchange Act of 1934, as amended, consisting of Mellon HBV Alternative Strategies LLC, Esopus Creek Value LP, D. E. Shaw Laminar Portfolios, L.L.C. and the other reporting persons (collectively, the "Group Members") identified in the Schedule 13D filed on October 10, 2006 by the Group Members.

	Philip R. Broenniman, Managing Member of Cadence Investment Managment, LLC	10/16/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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