Edgar Filing: METROMEDIA INTERNATIONAL GROUP INC

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0104

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Black Horse Capital Advisors LLC

2. Date of Event Requiring Statement (Month/Day/Year)
06/11/2007

3. Issuer Name and Ticker or Trading Symbol
METROMEDIA INTERNATIONAL GROUP INC [MTRM]

(Last)

(First)

(Middle)

338 S. SHARON AMITY RD., #202,Â

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHARLOTTE,Â NCÂ 28211

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	1,331,695	D ⁽¹⁾ ⁽²⁾ ⁽⁸⁾	Â
Common Stock	5,679,561	D ⁽²⁾ ⁽³⁾ ⁽⁸⁾	Â
Common Stock	1,832,940	D ⁽³⁾ ⁽⁴⁾ ⁽⁸⁾	Â
Common Stock	58,600	D ⁽⁴⁾ ⁽⁵⁾ ⁽⁷⁾ ⁽⁸⁾	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Convertible Preferred Stock	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	94,472	$ 15	D ⁽¹⁾ ⁽⁷⁾ ⁽⁸⁾	Â
Convertible Preferred Stock	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	402,830	$ 15	D ⁽²⁾ ⁽⁷⁾ ⁽⁸⁾	Â
Convertible Preferred Stock	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	123,017	$ 15	D ⁽³⁾ ⁽⁷⁾ ⁽⁸⁾	Â
Convertible Preferred Stock	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	2,797	$ 15	D ⁽⁴⁾ ⁽⁶⁾ ⁽⁷⁾ ⁽⁸⁾	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Black Horse Capital Advisors LLC 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â
Black Horse Capital Offshore Ltd. C/O M&C CORPORATE SERVICES, PO BOX 30UGL UGLAND HOUSE, SOUTH CHURCH STREET GEORGE TOWN, GRAND CAYMAN,Â E9Â 00000	Â	Â X	Â	Â
BLACK HORSE CAPITAL LP 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â
BLACK HORSE CAPITAL QP L P 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â
Black Horse Capital Management LLC 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â
Sheehy Brian 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â
Chappell Dale 338 S. SHARON AMITY RD., #202 CHARLOTTE,Â NCÂ 28211	Â	Â X	Â	Â

Signatures

Dale Chappell, Managing Member of Black Horse Capital Advisors LLC		06/14/2007
^**Signature of Reporting Person		Date
Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital LP		06/14/2007
^**Signature of Reporting Person		Date
Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital (QP) LP		06/14/2007
^**Signature of Reporting Person		Date
Dale Chappell, Director of Black Horse Capital Offshore Ltd.		06/14/2007
^**Signature of Reporting Person		Date
Dale Chappell, Managing Member of Black Horse Capital Management LLC		06/14/2007
^**Signature of Reporting Person		Date
Dale Chappell		06/14/2007
^**Signature of Reporting Person		Date
Brian Sheehy		06/14/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Black Horse Advisors LLC (the "Black Horse Advisors") is the investment manager of Black Horse Capital Offshore Ltd. ("Black Horse Offshore Fund"). The Black Horse Offshore Fund directly owns 1,331,695 shares of common stock and 28,370 shares of Convertible Preferred Stock, which is convertible into 94,472 shares of common stock. Black Horse Advisors is deemed to indirectly beneficially own the shares of stock directly owned by Black Horse Offshore Fund.
(2)	Black Horse Capital LP ("Black Horse Capital Fund") directly owns 5,679,561 shares of common stock and 120,970 shares of Convertible Preferred Stock, which is convertible into 402,830 shares of common stock. Black Horse Capital Management LLC ("Black Horse Management") is the managing general partner of Black Horse Capital Fund and is deemed to indirectly beneficially own the shares of stock directly owned by Black Horse Capital Fund.
(3)	Black Horse Capital (QP) LP ("Black Horse QP Fund") directly owns 1,832,940 shares of common stock and 36,942 shares of Convertible Preferred Stock, which is convertible into 123,017 shares of common stock. Black Horse Management is the managing general partner of Black Horse QP Fund and is deemed to indirectly beneficially own the shares of stock directly owned by Black Horse QP Fund.
(4)	Brian Sheehy directly owns 58,600 shares of common stock and 840 shares of Convertible Preferred Stock, which is convertible into 2,797 shares of common stock.
(5)	The Convertible Preferred Stock is immediately exercisable and remains outstanding unless and until redeemed by the Issuer.
(6)	Brian Sheehy and Dale Chappell are the managing members of each of Black Horse Advisors and Black Horse Management and are deemed to indirectly beneficially own the shares of stock beneficially owned by them. Mr. Chappell does not directly own any shares of common stock or Convertible Preferred Stock.
(7)	For purposes of this Form 3, Black Horse Advisors, Black Horse Management, and Messrs. Sheehy and Chappell disclaim ownership of the shares of common stock owned by the funds reporting on this Form 3 except to the extent of their pecuniary interest therein.
(8)	For purposes of this Form 3, Black Horse Advisors, Black Horse Management, and Messrs. Sheehy and Chappell disclaim ownership of the shares of common stock owned by the funds reporting on this Form 3 except to the extent of their pecuniary interest therein.
Â Remarks: BlackÂ HorseÂ AdvisorsÂ andÂ theÂ otherÂ personsÂ reportingÂ onÂ thisÂ FormÂ 3Â wereÂ previouslyÂ filersÂ underÂ SectionÂ 16Â ofÂ theÂ Securities Â ExchangeÂ ActÂ ofÂ 1934,Â asÂ aÂ resultÂ ofÂ theirÂ beingÂ membersÂ ofÂ aÂ groupÂ withÂ otherÂ shareholdersÂ ofÂ theÂ issuer.Â Â ThatÂ group Â dissolved,Â butÂ theÂ personsÂ filingÂ onÂ thisÂ FormÂ 3Â haveÂ acquiredÂ additionalÂ securitiesÂ toÂ againÂ beÂ 10%Â owners.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.