Exhibit 4.1




                          SECOND SUPPLEMENTAL INDENTURE

                                     between

                      METROMEDIA INTERNATIONAL GROUP, INC.

                                   as Issuer,


                                       and


  U.S. BANK NATIONAL ASSOCIATION (f/k/a U.S. BANK TRUST NATIONAL ASSOCIATION),
                         a national banking association

                                   as Trustee

                                 --------------

                            Dated as of July 15, 2005

                                 --------------




                     10 1/2% Senior Discount Notes due 2007

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                          SECOND SUPPLEMENTAL INDENTURE
                          -----------------------------

     This Second Supplemental Indenture, dated as of July 15, 2005 (this "Second
Supplemental Indenture"), between Metromedia International Group, Inc., a
Delaware corporation (the "Company"), and U.S. Bank National Association (f/k/a
U.S. Bank Trust National Association), a national banking association, as
trustee (the "Trustee"). All capitalized terms used herein without definition
shall have the respective meanings ascribed to them in the Original Indenture
(as defined below).

                              W I T N E S S E T H:

     WHEREAS, the Company has heretofore executed and delivered to the Trustee
an Indenture dated as of September 30, 1999 (as supplemented by the First
Supplemental Indenture, dated as of June 14, 2005, between the Company and the
Trustee, the "Original Indenture"), providing for the issuance of $210,631,376
aggregate principal amount of the Company's 10 1/2% Senior Discount Notes due
2007 (the "Notes"), with an aggregate principal amount outstanding as of the
date first written above of approximately $152,000,000;

     WHEREAS, Section 9.2 of the Original Indenture provides that, with the
consent of the Holder(s) of a majority in aggregate principal amount at Stated
Maturity of the then outstanding Notes voting as a single class, the Company and
the Trustee may amend the Original Indenture;

     WHEREAS, the Company has failed to timely file with the SEC, and furnish
the Trustee and the Holders of the Notes with, the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2004 ("2004 Form 10-K") as
required by Section 4.3 of the Original Indenture and applicable provisions of
the Exchange Act;

     WHEREAS, the Company has failed to deliver to the Trustee the Officers'
Certificate within 90 days after the end of the December 31, 2004 fiscal year as
required pursuant to Section 4.4(a) of the Original Indenture (the "Officers'
Certificate") and the written statement of the Company's independent public
accountants required to accompany the 2004 Form 10-K pursuant to Section 4.4(b)
of the Original Indenture (the "CPA Statement");

     WHEREAS, the Company has received an executed waiver and consent from
Holders of Notes in an aggregate principal amount at Stated Maturity of
$125,454,392 representing approximately 82.5% of the outstanding principal
amount of the Notes at Stated Maturity as of the execution date of the waiver
and consent, a copy of which is attached hereto as Annex A (the "Waiver and
Consent"), pursuant to which the Holders (1) waived until August 15, 2005
(subject to extension as set forth in the Waiver and Consent) the Defaults or
Event of Default that have arisen or may arise under the Original Indenture as a
result of a failure by the Company to (a) timely file with the SEC, and furnish
the Trustee and the Holders of the Notes with, the 2004 Form 10-K and (b)
deliver to the Trustee the Officers' Certificate and the CPA Statement and (2)
agreed to certain amendments to the Original Indenture to shorten the minimum
notice period applicable to an optional redemption by the Company and add a
covenant requiring the Company to exercise its right to optionally redeem the
Notes upon the occurrence of the Share Sale (as hereinafter defined) and apply
certain proceeds thereof to such redemption; and

     WHEREAS, all action on the part of the Company necessary to authorize its
execution, delivery and performance of the Second Supplemental Indenture has
been duly taken.

                                       1
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     NOW, THEREFORE, to comply with the provisions of the Original Indenture and
in consideration of the above premises, the Company and the Trustee mutually
covenant and agree for the equal and proportionate benefit of all Holders of the
Notes as follows:

                                    ARTICLE 1

     Section 1.01 This Second Supplemental Indenture is supplemental to the
Original Indenture and does and shall be deemed to form a part of, and shall be
construed in connection with and as a part of, the Original Indenture for any
and all purposes.

     Section 1.02 This Second Supplemental Indenture shall become effective
immediately upon its execution and delivery by each of the Company and the
Trustee.

                                    ARTICLE 2

     Section 2.01 For the sole purpose of any redemption by the Company of the
Notes in whole pursuant to Section 4.20 hereof, the Company and the Trustee
hereby acknowledge and agree that any and all references to the number "30" or
"30 days" in Sections 3.1, 3.3 and 3.7 of the Original Indenture shall be deemed
to be references to the number "5" or "5 days", respectively, and that the
reference to the number "45" in the third paragraph of Section 3.3 of the
Indenture shall be deemed to be a reference to the number "5".

     Section 2.02 The Company and the Trustee hereby acknowledge and agree that
the following Section 4.20 be added to the Original Indenture:

     "SECTION 4.20 PETERSTAR SALE

     If both (x) the sale of all of the issued and outstanding shares (the
     "Share Sale") in NWE Capital (Cyprus), Ltd., a company organized under the
     Companies Law of Cyprus and a wholly-owned subsidiary of the Company, to
     First National Holding S.A., a societe anonyme organized under the laws of
     Luxembourg ("FNH"), Emergent Telecom Ventures S.A., a societe anonyme
     organized under the laws of Switzerland ("ETV"), and Pisces Investment
     Limited, a company organized under the Companies Law of Cyprus and
     wholly-owned subsidiary of FNH and ETV ("Pisces", and together with FNH and
     ETV, the "Buyers"), pursuant to the Share Purchase Agreement (as amended,
     modified or supplemented from time to time, the "Purchase Agreement"),
     dated as of February 17, 2005, by and among the Company and the Buyers, is
     consummated and (y) the net proceeds from the Share Sale are in excess of
     an amount sufficient for the Company to redeem the entire outstanding
     principal amount of the Notes, plus accrued and unpaid interest to but
     excluding the redemption date, then the Company shall (i) promptly exercise
     its right pursuant to Section 3.7 hereof to redeem the Notes in whole, and
     not in part, and (ii) apply a portion of the proceeds from the Share Sale
     to fund such redemption; provided, that for the avoidance of doubt it is
     understood and agreed that if the Share Sale does not occur in accordance
     with and pursuant to the Purchase Agreement, the Company shall not be
     obligated to elect to optionally redeem the Notes."

     Section 2.03 The Company and the Trustee hereby acknowledge and agree that
the following proviso shall be added to the end of Section 6.1(v) of the
Original Indenture:

                                       2
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     "provided, however, that the failure of the Company to comply with Sections
     4.3 and 4.4 hereof or ss.314 of the Trust Indenture Act as a result of the
     failure to (a) timely file with the SEC, and furnish the Trustee and the
     Holders of the Notes with, the Company's Annual Report on Form 10-K for the
     fiscal year ended December 31, 2004 (the "2004 Form 10-K") or (b) deliver
     to the Trustee the Officers' Certificate within 90 days after the end of
     the December 31, 2004 fiscal year as required pursuant to Section 4.4(a)
     hereof (the "2004 Officers' Certificate") and the written statement of the
     Company's independent public accountants required to accompany the 2004
     Form 10-K pursuant to Section 4.4(b) hereof (the "2004 CPA Statement")
     during the period beginning on April 1, 2005 and ending at 11:59 p.m., New
     York City time on August 15, 2005 shall not constitute an Event of Default;
     provided, further, that any failure to comply with Sections 4.3 and 4.4
     hereof or ss.314 of the Trust Indenture Act as a result of the failure to
     timely file with the SEC, and furnish the Trustee and the Holders of the
     Notes with, the 2004 Form 10-K and deliver to the Trustee the 2004
     Officers' Certificate and 2004 CPA Statement shall constitute an Event of
     Default as of 12:00 a.m. New York City time on August 16, 2005 if, on or
     before 11:59 p.m. New York City time on August 15, 2005 the Company shall
     have failed to file with the SEC, and furnish the Trustee and the Holders
     of the Notes with, the 2004 Form 10-K and deliver to the Trustee the 2004
     Officers' Certificate and 2004 CPA Statement. Notwithstanding anything to
     the contrary herein, in the event the Company (i) consummates the Share
     Sale, (ii) delivers to the Trustee by wire transfer in immediately
     available funds an amount sufficient for the Company to redeem the entire
     outstanding principal amount of the Notes, plus accrued and unpaid interest
     to but excluding the redemption date (such delivery is referred to herein
     as the "Delivery of Funds") and (iii) delivers, or causes to be delivered,
     a notice of redemption in accordance with Section 3.3 hereof pursuant to
     which the Company calls for redemption all of the outstanding Notes (such
     delivery is referred to herein as the "Delivery of Notice"), in each case
     on or prior to August 15, 2005, all references in the preceding sentence of
     this Section 6.1(v) to August 15, 2005 shall be deemed to be December 31,
     2005 and the reference to August 16, 2005 shall be deemed to be January 1,
     2006; provided, however, that in the event the Company fails to (x)
     consummate the Share Sale and make the Delivery of Funds and the Delivery
     of Notice and (y) file with the SEC, and furnish the Trustee and the
     Holders of the Notes with, the 2004 Form 10-K and deliver to the Trustee
     the 2004 Officers' Certificate and 2004 CPA Statement, in each case on or
     before August 15, 2005, then the Company may, at its sole option and
     discretion, pay to the Holders of the Notes an amount equal to $2.50 per
     $1,000 aggregate principal amount of the Notes at Stated Maturity held by
     such Holder and upon such payment all references in the preceding sentence
     of this Section 6.1(v) to August 15, 2005 shall be deemed to be September
     15, 2005 and the reference to August 16, 2005 shall be deemed to be
     September 16, 2005."

                                    ARTICLE 3

     Section 3.01 Except as specifically modified herein, the Original Indenture
and the Notes are in all respects ratified and confirmed and shall remain in
full force and effect in accordance with their terms. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Second Supplemental Indenture or for or in respect of the
recitals contained herein, all of which are made solely by the Company.

                                       3
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     Section 3.02 Except as otherwise expressly provided herein, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this Second Supplemental Indenture. This
Second Supplemental Indenture is executed and accepted by the Trustee subject to
all the terms and conditions set forth in the Original Indenture with the same
force and effect as if those terms and conditions were repeated at length herein
and made applicable to the Trustee with respect hereto. In entering into this
Second Supplemental Indenture, the Trustee shall be entitled to the benefit of
every provision of the Original Indenture relating to the conduct or affecting
the liability or affording protection to the Trustee, whether or not elsewhere
herein so provided.

     Section 3.03 THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     Section 3.04 This Second Supplemental Indenture may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument.

     Section 3.05 By not later than the close of the Business Day after
execution of this Second Supplemental Indenture, the Company shall issue a press
release describing the material terms of (a) this Second Supplemental Indenture,
and (b) the Waiver and Consent.

                            (Signature Pages Follow)

                                       4
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     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental
Indenture to be duly executed, all as of the date first written above.


                                            METROMEDIA INTERNATIONAL GROUP, INC.


                                            By: /S/ MARK S. HAUF
                                                --------------------------------
                                                Name:  Mark S. Hauf
                                                Title: President, CEO




                                            U.S. BANK NATIONAL ASSOCIATION,
                                            a national banking association


                                            By: /S/ RICHARD PROKOSCH
                                                --------------------------------
                                                Name:  Richard H. Prokosch
                                                Title: Vice President