Business Services Industry

Metromedia International Group Announces the Election of Carl C. Brazell, Jr. as Chairman of Its Board of Directors; Company Schedules Annual Meeting

Business Wire, March 6, 2002

Business and Technology Editors

NEW YORK--(BUSINESS WIRE)--March 6, 2002

Metromedia International Group, Inc. (the "Company") (AMEX:MMG), which through its subsidiary Metromedia International Telecommunications, Inc. ("MITI"), is the owner of various interests in communications joint ventures in Eastern Europe, the former Soviet Union, China and other emerging markets, announced today that Carl C. Brazell, Jr., the Company's President and Chief Executive Officer, has been elected by the Board of Directors as its Chairman. Mr. Brazell replaces John Kluge, who has resigned as the Chairman of the Board. Mr. Kluge remains as a director of the Company.

The Company also announced that the Board of Directors has set a date for the Company's annual meeting. The annual meeting will be held on June 27th at 10:00 a.m. in New York City with the location of the meeting to be announced at a later date.

About Metromedia International Group

Metromedia International Group, Inc. is a global communications and media company. Through its wholly owned subsidiaries and its joint ventures, the Company owns and operates communications and media businesses in Eastern Europe, the republics of the former Soviet Union, China and other emerging markets. These include a variety of telephony businesses including cellular operators; providers of local, long distance and international services over fiber-optic and satellite-based networks; international toll calling; fixed wireless local loop; wireless and wired cable television networks and broadband networks; FM radio stations; and e-commerce.

This news release may contain certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors that are described from time to time in the SEC reports filed by Metromedia International Group, Inc., including its most recently filed Forms S-3, 10-K and 10-Q.

Please visit our website at www.metromedia-group.com.

COPYRIGHT 2002 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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