SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
- --------------------------------------------------------------------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)(1)
Metromedia Fiber Network, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
591689104
- --------------------------------------------------------------------------------
(CUSIP Number)
Arnold L. Wadler, Esq., c/o Metromedia Company,
One Meadowlands Plaza, East Rutherford, New Jersey 07073
(201) 531-8050
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
(Continued on following pages)
(Page 1 of 9 Pages)
- ----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 5916891014 13G Page 2 of 9 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Metromedia Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares 5 15,731,024 (15,731,024 shares of Class B Common Stock,
Beneficially par value $.01 per share, freely convertible into shares
Owned By of Class A Common Stock at a rate of one share of Class
Each A Common Stock for each share of Class B Common Stock)
Reporting -----------------------------------------------------------------
Person with 6 SHARED VOTING POWER
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
15,731,024 (15,731,024 shares of Class B Common Stock)
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,731,024 (15,731,024 shares of Class B Common Stock)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.88%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 5916891014 13G Page 3 of 9 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John W. Kluge
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares 5 1,014,000 (presently exercisable options to acquire
Beneficially 1,014,000 shares of Class A Common Stock at an exercise
Owned By price of $0.4925 per share.)
Each ----------------------------------------------------------------
Reporting 6 SHARED VOTING POWER
Person with 15,731,024 (15,731,024 shares of Class B Common Stock
owned by Metromedia Company, of which Mr. Kluge is a
general partner)
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,014,000 (presently exercisable options to acquire
1,014,000 shares of Class A Common Stock at an exercise
price of $0.4925 per share.)
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
15,731,024 (15,731,024 shares of Class B Common Stock
owned by Metromedia Company, of which Mr. Kluge is a
general partner)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,745,024 (15,731,024 shares of Class B Common Stock owned by Metromedia
Company, of which Mr. Kluge is a general partner, and presently
exercisable options to acquire 1,014,000 shares of Class A Common Stock at
an exercise price of $0.4925 per share)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.77%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 5916891014 13G Page 4 of 9 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stuart Subotnick
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Number of SOLE VOTING POWER
Shares 5 2,167,612 (presently exercisable options to acquire
Beneficially 1,014,000 shares of Class A Common Stock at an exercise
Owned By price of $0.4925 per share and 1,153,612 shares of Class
Each B Common Stock (35,000 of which are owned by the
Reporting Subotnick Family Trust u/a dated November 5, 1998
Person with between Stuart Subotnick, as Grantor and Anita Subotnick
as Trustee)
----------------------------------------------------------------
6 SHARED VOTING POWER
15,731,024 (15,731,024 shares of Class B Common Stock
owned by Metromedia Company, of which Mr. Subotnick is a
general partner)
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,167,612 (presently exercisable options to acquire
1,014,000 shares of Class A Common Stock at an exercise
price of $0.4925 per share, and 1,153,612 shares of
Class B Common Stock (35,000 of which are owned by the
Subotnick Family Trust u/a dated November 5, 1998
between Stuart Subotnick, as Grantor and Anita Subotnick
as Trustee)).
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
15,731,024 (15,731,024 shares of Class B Common stock
owned by Metromedia Company, of which Mr. Subotnick is a
general partner)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,896,636 (1,153,612 shares of Class B Common Stock, 15,731,024 shares of
Class B Common Stock owned by Metromedia Company, of which Mr. Subotnick
is a general partner, presently exercisable options to acquire 1,014,000
shares of Class A Common Stock at an exercise price of $0.4925 per share
(35,000 of which are owned by the Subotnick Family Trust u/a dated
November 5, 1998 between Stuart Subotnick, as Grantor and Anita Subotnick
as Trustee)).
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.76%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer
Metromedia Fiber Network, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1 North Lexington Avenue, 4th Floor
White Plains, New York 10601
Item 2(a). Name of Person Filing
Metromedia Company
John W. Kluge
Stuart Subotnick
Item 2(b). Address of Principal Business officer or, If None, Residence:
One Meadowlands Plaza
East Rutherford, New Jersey 07073
Item 2(c). Citizenship
Metromedia Company - Delaware corporation
John W. Kluge - U.S.A.
Stuart Subotnick - U.S.A.
Item 2(d). Title of Class of Securities:
Class A Common Stock, $.01 par value (including shares of Class B
Common Stock, par value $.01 per share, freely convertible at a rate
of one share of Class A Common Stock for each share of Class B
Common Stock and presently exercisable options to purchase shares of
Class A Common Stock at $0.4925 per share)
Item 2(e). CUSIP Number:
591689 10 4
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange
Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
Page 5 of 9
<PAGE>
(e) |_| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; See SS. 240.13D-1(B)(1)(II)(F)
(g) |_| Parent Holding Company, in accordance with SS. 240.13D-1(B)
(II)(G) (Note: see item 7)
(h) |_| Group, in accordance with SS. 240.13D-1(BB)(1)(II)(H)
Item 4. Ownership
See responses to Items 5,6,7,8,9, and 11 of Cover Pages.
Item 5. Ownership of five percent or less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ]
Item 6. Ownership of more than five percent on behalf of another person
Members of Mr. Subotnick's family have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from
the sale of, 35,000 shares of Class B Common Stock which are freely
convertible into shares of Class A Common Stock at a rate of one
share of Class A Common Stock for each share of Class B Common
Stock.
Item 7. Identification and classification of the subsidiary which acquired
the security being reported on by the parent holding company.
Not applicable
Item 8. Identification and Classification of Members of the Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
Page 6 of 9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 9, 1999
Metromedia Company
By: /s/ Stuart Subotnick
--------------------
Name:
Title:
/s/ John W. Kluge
------------------------
John W. Kluge
/s/ Stuart Subotnick
------------------------
Stuart Subotnick
Page 7 of 9
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Joint Filing Agreement dated as of February 9, 1999
Page 8 of 9
Exhibit 99.1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f)(i)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the Statement to
which this Exhibit is attached is filed on behalf of each of them.
Date: February 9, 1999
Metromedia Company
By: /s/ Stuart Subotnick
--------------------
Name:
Title:
/s/ John W. Kluge
------------------------
John W. Kluge
/s/ Stuart Subotnick
------------------------
Stuart Subotnick
Page 9 of 9
