Metromedia International Group files Chapter 11 bankruptcy

By Caroline Salls

Pittsburgh, June 18 - Metromedia International Group, Inc. filed for Chapter 11 bankruptcy Thursday in the U.S. Bankruptcy Court for the District of Delaware.

Metromedia listed $100 million to $500 million in both assets and debt.

The company's largest unsecured creditors include:

• Zazove Associates, LLC, with a $49.98 million appraisal action judgment claim;

• Private Management Group Inc., with a $40.94 million appraisal action judgment claim;

• Gracie Capital, with a $14.07 million appraisal action judgment claim;

• Farallon Capital Offshore Investors, Inc., with a $10.93 million appraisal action judgment claim;

• JPMorgan Chase, Stuart Subotnik and John Kluge of Rockville, Md., with a $10.84 million appraisal action judgment claim;

• Black Horse Capital LP, with an $8.96 million appraisal action judgment claim;

• Cohanzick Management LLC, with an $8.56 million appraisal action judgment claim;

• Lanphier Capital Management Inc., with a $6.32 million appraisal action judgment claim;

• Farallon Capital Partners, LP, with a $5.9 million appraisal action judgment claim; and

• Farallon Capital Institutional Partners, LP, with a $4.56 million appraisal action judgment claim.

Metromedia is a Charlotte, N.C., communications company. Its Chapter 11 case was filed under the name MIG, Inc., case number 09-12118.

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