Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Black Horse Capital Advisors LLC
   2. Issuer Name and Ticker or Trading Symbol
METROMEDIA INTERNATIONAL GROUP INC [MTRM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
338 S. SHARON AMITY RD., #202, 		 3. Date of Earliest Transaction (Month/Day/Year)
08/14/2007
(Street)

CHARLOTTE, NC 28211		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Preferred Stock $ 15 08/14/2007   P   1,500     (1)   (1) Common Stock 4,995 $ 42.8662 34,550 D (2) (5) (6)  
Convertible Preferred Stock $ 15 08/14/2007   P   6,915     (1)   (1) Common Stock 23,027 $ 42.8662 158,464 D (3) (5) (6)  
Convertible Preferred Stock $ 15 08/14/2007   P   2,495     (1)   (1) Common Stock 8,308 $ 42.8662 56,723 D (4) (5) (6)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Black Horse Capital Advisors LLC
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    
Black Horse Capital Offshore Ltd.
C/O M&C CORPORATE SERVICES, PO BOX 30UGL
UGLAND HOUSE, SOUTH CHURCH STREET
GEORGE TOWN, GRAND CAYMAN, E9 00000		     X    
BLACK HORSE CAPITAL LP
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    
BLACK HORSE CAPITAL QP L P
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    
Black Horse Capital Management LLC
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    
Sheehy Brian
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    
Chappell Dale
338 S. SHARON AMITY RD., #202
CHARLOTTE, NC 28211		     X    

Signatures

 Dale Chappell, Managing Member of Black Horse Capital Advisors LLC   08/16/2007
**Signature of Reporting Person Date
 Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital LP   08/16/2007
**Signature of Reporting Person Date
 Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital (QP) LP   08/16/2007
**Signature of Reporting Person Date
 Dale Chappell, Director of Black Horse Capital Offshore Ltd.   08/16/2007
**Signature of Reporting Person Date
 Dale Chappell, Managing Member of Black Horse Capital Management LLC   08/16/2007
**Signature of Reporting Person Date
 Brian Sheehy   08/16/2007
**Signature of Reporting Person Date
 Dale Chappell   08/16/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) The Convertible Preferred Stock is immediately exercisable and remains outstanding unless and until redeemed by the Issuer.
(2) Black Horse Capital Offshore Ltd. ("Black Horse Offshore Fund") directly owns 1,331,695 shares of common stock and 34,550 shares of Convertible Preferred Stock, which are convertible into 115,052 shares of common stock. Black Horse Advisors LLC ("Black Horse Advisors") is the investment manager of the Black Horse Offshore Fund and is deemed to indirectly beneficially own the shares of stock directly owned by the Black Horse Offshore Fund.
(3) Black Horse Capital LP ("Black Horse Capital Fund") directly owns 5,972,468 shares of common stock and 158,464 shares of Convertible Preferred Stock, which are convertible into 527,685 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.
(4) Black Horse Capital (QP) LP ("Black Horse QP Fund") directly owns 1,927,833 shares of common stock and 56,723 shares of Convertible Preferred Stock, which are convertible into 188,888 shares of common stock. Black Horse Capital Management, LLC ("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.
(5) 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. 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.
(6) For purposes of this Form 4, 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 4 except to the extent of their pecuniary interest therein.

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