NEW YORK -- 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. Metromedia Fiber Network Inc.(MFN)