Metromedia International Files for Bankruptcy

NEW YORK (Reuters) – Metromedia International Group Inc filed for bankruptcy on Thursday, listing assets and liabilities of between $100 million and $500 million, according to court documents filed on Thursday.

According to the company’s website, Metromedia International provides communications services in the country of Georgia.

A call to the number listed on the company’s website was taken by an answering service that said it was hired because Metromedia International was out of business.

The Charlotte, North Carolina-based company listed its largest unsecured creditors as Zazove Associates, owed about $50 million; Private Management Group Inc, which is owed about $40.9 million; Gracie Capital, owed $14.1 million, and Farallon Capital Offshore Investors Inc., owed $10.9 million, according to court documents. The debts are listed as appraisal action judgments.

The case is MIG Inc, U.S. Bankruptcy Court, District of Delaware, No. 09-12118. (Reporting by Tom Hals; Editing by Steve Orlofsky)