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MFN Moves Closer to Emerging From Chapter 11 With the Filing of a Plan of Reorganization
via COMTEX

March 14, 2003

NEW YORK, Mar 14, 2003 /PRNewswire-FirstCall via COMTEX/ --

Metromedia Fiber Network, Inc. (MFN), the leading provider of digital communications infrastructure solutions, announced today that it has filed its Plan of Reorganization with the United States Bankruptcy Court in Southern District of New York Court in White Plains. This is a critical step forward for the Company in its efforts to emerge successfully from Chapter 11.

`We promised our customers that we would do everything possible to emerge as quickly as we could and I intend to fulfill that promise with the filing of this plan,`said John Gerdelman, President and Chief Executive Officer of MFN. `We expect to emerge from this process a more financially stable and competitive company. We have been EBITDAR positive in excess of projections for the past five months, our cash position has almost doubled from $38 million when we filed for protection in May to $73 million and we have paid down more than $17 million of our bank debt. This is truly a survivor story that is the direct result of the hard work and extraordinary commitment of our employees.`(EBITDAR: Earnings Before Interest, Taxes, Depreciation, Amortization and Restructuring Expenses.)

MFN`s post-bankruptcy business strategy includes continued operation of all its core business segments - metropolitan fiber network, data centers, IP transit and managed services.

About MFN

MFN is the leading provider of digital communications infrastructure solutions. The Company combines an extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at www.mfn.com

SOURCE Metromedia Fiber Network, Inc.

Kara Carbone of Metromedia Fiber Network, +1-914-683-6386, or kara.carbone@mfn.com

http://www.mfn.com

Copyright (C) 2003 PR Newswire. All rights reserved


JS200
03/14/2003 (08:30 ET) MFN Moves Closer to Emerging From Chapter 11 With the Filing of a Plan of Reorganization - PR Newswire
02/27/2003 (16:02 ET) //CORRECT// Knobias Clarifies Investrend Related Alerts - Knobias
02/26/2003 (08:30 ET) Metromedia Fiber Network Launches New Database Administration, Management and Monitoring Bundled Service - PR Newswire
02/14/2003 (16:40 ET) SELF-REGULATORY ORGANIZATIONS - DELISTINGS GRANTED - Find, Inc. - Government Information
02/12/2003 (16:33 ET) New SC 13G/A just released for MFNXQ - Edgar

JS200
hallo

es besteht irgendwie die hoffnung daß sie sich erfangen.
weiß jemand was mit den "A" aktien dann passieren wird, oder schon geplant ist?

danke
03/25/2003 (08:31 ET) MFN Provides Private Optical Network for Xerox - PR Newswire
03/18/2003 (11:45 ET) MFN sells PAIX to Switch and Data - Datamonitor
03/18/2003 (02:11 ET) MFN Sells PAIX to Switch and Data - ComputerWire

JS200
hallo js200

bist du noch investiert, weißt du was mit den "A" aktien geplant ist? hätte lust wieder reinzugehen.

g gw
hallo

das da gefunden:

MFN Targets Mid-August for Confirmation of Reorganization Plan; Changing Name to AboveNet, Inc.
MONDAY, JUNE 09, 2003 8:30 AM
- PR Newswire

NEW YORK, Jun 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Metromedia Fiber Network, Inc. (MFN) is targeting mid-August for confirmation of its plan of reorganization, allowing the Company to emerge from Chapter 11 protection. MFN is simultaneously seeking all other necessary regulatory approvals. In addition, MFN announced that as part of its reorganization, it will change its name to AboveNet, Inc. and is expanding the use of the AboveNet brand to all products immediately.

MFN has already filed its plan of reorganization and disclosure statement with the United States bankruptcy court for the Southern District of New York. In its disclosure statement, the Company states it expects to emerge from bankruptcy with a viable business strategy for long-term stability and growth, and a solid balance sheet with substantially reduced debt and strong cash position. A hearing on the disclosure statement is scheduled for July 2, 2003. The Company has requested a hearing on August 14, 2003 to confirm the plan of reorganization.

As part of its emergence from chapter 11 protection, MFN will begin using the AboveNet brand name in all areas of the business including network, IP transit, colocation and managed services. In keeping with the MFN business model, AboveNet will offer enterprise and carrier customers a unique combination of services that focus on data, bandwidth, high-capacity transmission, privacy and speed. This new name highlights MFN`s transformation into a fast and nimble player in the industry with the ability to deliver top tier private optical networks, dedicated Ethernet connections to the Internet, and a full portfolio of managed, colocation and IP transit services.

"It is really exciting to see how much we`ve accomplished in the last year to make the Company financially strong, operationally efficient and ready to meet the challenges ahead in the post-bankruptcy environment," said John Gerdelman, Company president and chief executive officer. "Our customers continue to want our services and we expect this demand to increase when we emerge. As AboveNet, we will start fresh and combine the valuable assets and capabilities of MFN with the financial stability gained through this process."

Upon emergence from bankruptcy the Company plans to remain in all its existing product lines and will maintain the same strong commitment to its customers.

**********************

weiß noch immer nicht was ich tun soll.

mfg gw
07/01/2003 (14:51 ET) Server Central Adds AboveNet IP Transit in Chicago - Internet Wire



06/16/2003 (13:00 ET) Amid Industry Shakeout AboveNet Web Hosting Services and Data Centers Remain a Core Element in Business Strategy - PR Newswire



06/11/2003 (17:53 ET) New Name Planned For MFN - Phillips



06/09/2003 (08:30 ET) MFN Targets Mid-August for Confirmation of Reorganization Plan; Changing Name to AboveNet, Inc. - PR Newswire

JS200
MFN Targets Mid-August for Confirmation of Reorganization Plan; Changing Name to AboveNet, Inc.

Company Expects to Emerge with Strong Balance Sheet and Significant Debt Reduction

Monday , June 09, 2003 08:30 ET

NEW YORK, Jun 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Metromedia Fiber Network, Inc. (MFN) is targeting mid-August for confirmation of its plan of reorganization, allowing the Company to emerge from Chapter 11 protection. MFN is simultaneously seeking all other necessary regulatory approvals. In addition, MFN announced that as part of its reorganization, it will change its name to AboveNet, Inc. and is expanding the use of the AboveNet brand to all products immediately.

MFN has already filed its plan of reorganization and disclosure statement with the United States bankruptcy court for the Southern District of New York. In its disclosure statement, the Company states it expects to emerge from bankruptcy with a viable business strategy for long-term stability and growth, and a solid balance sheet with substantially reduced debt and strong cash position. A hearing on the disclosure statement is scheduled for July 2, 2003. The Company has requested a hearing on August 14, 2003 to confirm the plan of reorganization.

As part of its emergence from chapter 11 protection, MFN will begin using the AboveNet brand name in all areas of the business including network, IP transit, colocation and managed services. In keeping with the MFN business model, AboveNet will offer enterprise and carrier customers a unique combination of services that focus on data, bandwidth, high-capacity transmission, privacy and speed. This new name highlights MFN`s transformation into a fast and nimble player in the industry with the ability to deliver top tier private optical networks, dedicated Ethernet connections to the Internet, and a full portfolio of managed, colocation and IP transit services.

"It is really exciting to see how much we`ve accomplished in the last year to make the Company financially strong, operationally efficient and ready to meet the challenges ahead in the post-bankruptcy environment," said John Gerdelman, Company president and chief executive officer. "Our customers continue to want our services and we expect this demand to increase when we emerge. As AboveNet, we will start fresh and combine the valuable assets and capabilities of MFN with the financial stability gained through this process."

Upon emergence from bankruptcy the Company plans to remain in all its existing product lines and will maintain the same strong commitment to its customers.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network is the leading provider of optical communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers and award winning managed services to deliver fully integrated, outsourced communications solutions for high-end enterprise companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.


For more information on MFN, please visit our Web site at www.mmfn.com.


This news release contains 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 as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

SOURCE Metromedia Fiber Network, Inc.


CONTACT: Kara Carbone of Metromedia Fiber Network, +1-914-683-6386,
kcarbone@mfn.com

URL: http://www.mmfn.com
http://www.prnewswire.com



Copyright (C) 2003 PR Newswire. All rights reserved.


-0-


ProviderSequenceNumber: 0274

KEYWORD: New York
INDUSTRY KEYWORD: CPR
NET
TLS
ITE
SUBJECT CODE: RCN
BCY


STOCK SYMBOLS: [(mfnxq)]

JS200
Amid Industry Shakeout AboveNet Web Hosting Services and Data Centers Remain a Core Element in Business Strategy

Company Reaffirms Its Commitment to Web Hosting Business; Offers New Long-term Home to Customers Affected by the Closings with its `Move to a Better Place` Promotion

Monday , June 16, 2003 13:00 ET

NEW YORK, Jun 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- As several large players announce their departure from the web hosting and collocations business, AboveNet, Metromedia Fiber Network, Inc.`s recently announced brand name and planned company name upon emergence from bankruptcy, reaffirms its commitment to the sector and demonstrates this commitment with an offer to customers affected by the pending closings. The Company`s "Move to a Better Place" promotion provides customers with a long-term alternative to the unsettled environment of a data center targeted for closure.

"As Cable and Wireless and Sprint prepare to leave the web hosting and collocation market, AboveNet is a great position to accommodate customers being displaced," said Tom Byrnes, Company Senior Vice President of Sales and Marketing. "We believe this market change provides an excellent opportunity for us to grow our business. We have continued to affirm our commitment to this space and are doing it again today without reservation."

The AboveNet "Move to a Better Place" promotion bundles basic web hosting needs into a single, convenient package. Customers can get rack space, Internet connectivity, CPS-conditioned "clean" power, and IP bandwidth from a tier one services provider at an affordable bundled price. To ease this time of transition between data centers, the Company provides customers with end-to-end management, support and technical service for a smooth and seamless transition between facilities with little or no down time. In addition, customers have access to a broad portfolio of enhanced managed hosting services, as well as the superior AboveNet IP network.

AboveNet Data Centers

A leader in the industry, AboveNet data centers set the highest specifications in commercial design second only to the United States government in security and fault tolerance standards. With a commitment to providing uninterrupted service to its customers, AboveNet data centers are built and operated to withstand natural disasters, security attacks (physical and cyber), power outages, and networking and computing failures. AboveNet data centers offer mechanical systems with multiple levels of redundancy; superior cooling systems that ensure ambient temperatures do not affect computing power; advanced Continuous Power Supply (CPS) and distribution systems that protect against commercial power grid fluctuations and service interruptions; a Very Early Smoke Detection Alarm (VESDA) that constantly samples the air for dangerous particles; biometric authentication and round- the-clock surveillance.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network, Inc., which plans to change its name to AboveNet Inc. upon emergence from bankruptcy, combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers and award winning managed services to deliver fully integrated, outsourced communications solutions for high-end enterprise companies. The all-fiber infrastructure enables AboveNet customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York. The Company has requested a hearing on confirmation of its plan of reorganization on August 21.

This news release contains 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 as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

SOURCE Metromedia Fiber Network, Inc.


CONTACT: Kara Carbone of Metromedia Fiber Network, Inc., +1-914-683-6386
or kcarbone@above.net

URL: http://www.mfn.com
http://www.prnewswire.com



Copyright (C) 2003 PR Newswire. All rights reserved.


-0-


ProviderSequenceNumber: 7049

KEYWORD: New York
INDUSTRY KEYWORD: NET
CPR
ITE
MLM


STOCK SYMBOLS: [(mfnxq)]

JS200
Last Trade: 0.021 Change: 0.006 (+36.667%)
Previous Close: 0.015 Volume: 1,545,900
Bid: N/A Ask: N/A
Today`s Open: 0.014 # of Trades: 53
Day High: 0.021 Day Low: 0.014
52 Week High: 0.165 52 week Low: N/A
Market Cap: 13.77M Avg Daily Vol: 2,961,680
EPS: N/A PE Ratio: N/A
Dividend: N/A Yield: N/A
MFN`s Disclosure Statement Receives Court Approval and Committee Support; McCaw Purchases Significant Claims and Commits to Rights Offering
via COMTEX

July 17, 2003

NEW YORK, Jul 17, 2003 /PRNewswire-FirstCall via COMTEX/ --

Metromedia Fiber Network, Inc. announced today that its disclosure statement received approval of the United States bankruptcy court for the Southern District of New York, clearing the way for a vote on MFN`s proposed plan of reorganization. The Company`s Creditors`Committee, including Franklin Mutual Advisers, one of the Company`s largest creditors, supports the plan of reorganization and is recommending that creditors vote in favor of its approval. A hearing on confirmation of the plan is expected to take place in late August or early September. As previously announced, MFN will become AboveNet, Inc. upon emergence from Chapter 11.

In addition the Company announced that Fiber, LLC, an entity owned by telecom industry pioneer and investor Craig McCaw, has purchased certain significant trade claims. These claims will translate into a significant equity ownership interest in the new company, AboveNet, Inc.

`Craig McCaw has been a long-standing leader in the communication industry and we are thrilled to have him as part of the new company. The support of a visionary like Craig is a great vote of confidence for us and for our future,` said John Gerdelman, president and chief executive officer of the company.

The plan of reorganization provides for a $50 million rights offering to creditors, and Fiber, LLC and the Kluge Trust, a trust associated with John Kluge, have agreed to purchase any outstanding portion of the rights offering not purchased by other creditors. Further, the Company has guaranteed Fiber, LLC a minimum $12.5 million participation in the rights offering.

`With creditor support and additional funding through the rights offering, we are confident that the new AboveNet will emerge as a strong and nimble company poised for growth with a solid business plan and a healthy balance sheet,`said Gerdelman.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network, Inc., which plans to change its name to AboveNet Inc. upon emergence from bankruptcy, combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers and award winning managed services to deliver fully integrated, outsourced communications solutions for high-end enterprise companies. The all-fiber infrastructure enables AboveNet customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York. The Company has requested a hearing on confirmation of its plan of reorganization on August 21.

This news release contains 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 as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

SOURCE Metromedia Fiber Network, Inc.

Kara Carbone of Metromedia Fiber Network, Inc., +1-914-683-6386 or kcarbone@above.net

http://www.mfn.com

Copyright (C) 2003 PR Newswire. All rights reserved.


JS200
MFN ist wieder da!!!!!

Approval Clears the Way for Emergence from Chapter 11 Protection In Early September


NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- AboveNet, Inc., Metromedia Fiber Network, Inc.`s recently announced brand name, today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its plan of reorganization, allowing the company to emerge from bankruptcy protection in early September. Craig McCaw through Fiber LLC., funds managed by Franklin Mutual Advisers and John Kluge through the Kluge Trust will be among the largest equity holders of the new company.
ADVERTISEMENT


Since filing for bankruptcy protection in May 2002, AboveNet has significantly reduced its expenses and increased its cash position. Upon emergence the company expects to have approximately $70 million in senior bank debt and $73 million in cash by the end of the year. AboveNet continues to win new customers as it has throughout the bankruptcy, including new contracts with the New York Mercantile Exchange, Xerox and Sprint.

"We believe that our streamlined operations, low debt level, focused product set and unmatched asset base puts us in a great position to take full advantage of the opportunities in the current market," said John Gerdelman, president and chief executive officer of the Company. "It has been a challenging process for our employees, customers, vendors and stakeholders but we are excited to announce that we have succeeded and are indeed survivors. I am extremely pleased with our accomplishments and thankful for the tremendous support we received from our customers."

AboveNet, Inc. will officially become the new name of Metromedia Fiber Network, Inc. upon the effective date.

:eek: :eek: :eek: :eek:
08/21/2003 (16:18 ET) Court Confirms AboveNet Plan of Reorganization - PR Newswire
08/19/2003 (11:32 ET) AboveNet Customers Unaffected by Regional Blackout - PR Newswire
08/19/2003 (11:31 ET) AboveNet Customers Unaffected by Regional Blackout - PR Newswire
07/24/2003 (17:57 ET) MCI, MFN Square Their Debts - Phillips

JS200
Court Confirms AboveNet Plan of Reorganization

Approval Clears the Way for Emergence from Chapter 11 Protection In Early September

Thursday , August 21, 2003 16:18 ET

NEW YORK, Aug 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- AboveNet, Inc., Metromedia Fiber Network, Inc.`s recently announced brand name, today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its plan of reorganization, allowing the company to emerge from bankruptcy protection in early September. Craig McCaw through Fiber LLC., funds managed by Franklin Mutual Advisers and John Kluge through the Kluge Trust will be among the largest equity holders of the new company.

Since filing for bankruptcy protection in May 2002, AboveNet has significantly reduced its expenses and increased its cash position. Upon emergence the company expects to have approximately $70 million in senior bank debt and $73 million in cash by the end of the year. AboveNet continues to win new customers as it has throughout the bankruptcy, including new contracts with the New York Mercantile Exchange, Xerox and Sprint.

"We believe that our streamlined operations, low debt level, focused product set and unmatched asset base puts us in a great position to take full advantage of the opportunities in the current market," said John Gerdelman, president and chief executive officer of the Company. "It has been a challenging process for our employees, customers, vendors and stakeholders but we are excited to announce that we have succeeded and are indeed survivors. I am extremely pleased with our accomplishments and thankful for the tremendous support we received from our customers."

AboveNet, Inc. will officially become the new name of Metromedia Fiber Network, Inc. upon the effective date.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network, Inc., which plans to change its name to AboveNet Inc. upon emergence from bankruptcy, combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers and award winning managed services to deliver fully integrated, outsourced communications solutions for high-end enterprise companies. The all-fiber infrastructure enables AboveNet customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York. The Company has requested a hearing on confirmation of its plan of reorganization on August 21.

This news release contains 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 as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

SOURCE Metromedia Fiber Network, Inc.


CONTACT: Kara Carbone of AboveNet, Inc., +1-914-683-6386, or
kcarbone@above.net

URL: http://www.mfn.com
http://www.prnewswire.com



Copyright (C) 2003 PR Newswire. All rights reserved.


-0-


KEYWORD: New York
INDUSTRY KEYWORD: CPR
NET
MLM
TLS
SUBJECT CODE: RCN
BCY


STOCK SYMBOLS: [(mfnxq)]

Public Companies Associated with this story:
METROMEDIA FIBER NETWORK INC (NASDAQ NM: MFNXQ)

Knobias Subject Codes Associated with this story:
Bankruptcy/Liquidation Reorganization/Restructuring


JS200
"It has been a challenging process for our employees, customers, vendors and stakeholders but we are excited to announce that we have succeeded and are indeed survivors. I am extremely pleased with our accomplishments and thankful for the tremendous support we received from our customers."

Da er Stakeholders erwähnt, hoffe ich das das Thema auch für uns durchgestanden ist.:rolleyes:
Gestern Anstieg von ca.37%.
Soll man neu einsteigen?Ich habe noch 8.000 Stck liegen

hvs1
@HVS

Ich habe auch noch 18.000 irgendwo liegen

Last Trade: 0.015 Change: 0.004 (+36.364%)
Previous Close: 0.011 Volume: 3,980,100
Bid: N/A Ask: N/A
Today`s Open: 0.011 # of Trades: 159

Nur finde ich, dass das Volumen nicht sehr hoch war betreffen den kleinen Wert

Einsteigen, Hmmmmmmmmmmmmmmmmm, keine Ahnung

JS200
Das ist echt der Hammer, die Gross-Investoren retten ihre Investments in die neue AboveNet, und die shareholders sehen in die Röhre.
Das ieht nicht gut aus....von der mfn.com Investors page:


Shareholders FAQ

Q: What will happen to my shares of stock?
A: We have filed a plan of reorganization and disclosure statement with the courts, which are available on our website. The plan does not provide for any recovery for shareholders.


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