<PAGE>
EXHIBIT 11
METROMEDIA INTERNATIONAL GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
SEPTEMBER 30,
-------------------
2000 1999
-------- --------
<S> <C> <C>
Loss per common share--Basic (A):
Continuing operations..................................... $(22,203) $(51,547)
Cumulative convertible preferred stock dividend
requirement............................................. (3,752) (3,752)
-------- --------
Continuing operations attributable to common stock
shareholders............................................ (25,955) (55,299)
Discontinued operations................................... -- (12,776)
-------- --------
Net loss attributable to common stock shareholders........ $(25,955) $(68,075)
======== ========
Weighted average common stock shares outstanding during the
period.................................................... 94,035 69,172
======== ========
Loss per common share--Basic:
Continuing operations..................................... $ (0.28) $ (0.80)
Discontinued operations................................... -- (0.18)
-------- --------
Net loss.................................................. $ (0.28) $ (0.98)
======== ========
</TABLE>
<TABLE>
<CAPTION>
NINE MONTHS ENDED
SEPTEMBER 30,
-------------------
2000 1999
-------- --------
<S> <C> <C>
Loss per common share--Basic (A):
Continuing operations..................................... $(55,336) $(74,424)
Cumulative convertible preferred stock dividend
requirement............................................. (11,256) (11,256)
-------- --------
Continuing operations attributable to common stock
shareholders............................................ (66,592) (85,680)
Discontinued operations................................... -- (12,776)
-------- --------
Net loss attributable to common stock shareholders........ $(66,592) $(98,456)
======== ========
Weighted average common stock shares outstanding during the
period.................................................... 93,959 69,149
======== ========
Loss per common share--Basic:
Continuing operations..................................... $ (0.71) $ (1.24)
Discontinued operations................................... -- (0.18)
-------- --------
Net loss.................................................. $ (0.71) $ (1.42)
======== ========
</TABLE>
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(A) In calculating diluted earnings per share, no potential shares of common
stock are to be included in the computation of diluted earnings per share
when a loss from continuing operations available to common stockholders
exists. For the three and nine months ended September 30, 2000 and 1999, the
Company had a loss from continuing operations.
