EX-11 8 a2073578zex-11.htm EXHIBIT 11

Exhibit 11

METROMEDIA INTERNATIONAL GROUP, INC.
Computation of Earnings Per Share
(in thousands, except per share amounts)

 
  Years ended December 31,
 
 
  2001
  2000
  1999
 
Loss per common share—Basic (A):                    
  Continuing operations   $ (246,168 ) $ (24,304 ) $ (129,207 )
  Cumulative convertible preferred stock dividend requirement     (15,008 )   (15,008 )   (15,008 )
   
 
 
 
  Continuing operations attributable to common stock shareholders     (261,176 )   (39,312 )   (144,215 )
  Discontinued operations             (12,776 )
  Cumulative effect of a change in accounting principle     (2,363 )        
   
 
 
 
  Net loss attributable to common stock shareholders   $ (263,539 ) $ (39,312 ) $ (156,991 )
   
 
 
 
Weighted average common stock shares outstanding during the period     94,035     93,978     75,232  
   
 
 
 
Loss per common share—Basic:                    
  Continuing operations   $ (2.77 ) $ (0.42 ) $ (1.92 )
  Discontinued operations             (0.17 )
  Cumulative effect of a change in accounting principle     (0.03 )        
   
 
 
 
Net loss   $ (2.80 ) $ (0.42 ) $ (2.09 )
   
 
 
 

(A)
In calculating diluted earnings per share, no potential shares of common stock are to be included in the computation when a loss from continuing operations available to common stock shareholders exists. For the years ended December 31, 2001, 2000 and 1999, the Company had a loss from continuing operations.