By Christine Nuzum Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Analyst Cannon Carr of CIBC WorldMarkets put out a note Wednesday afternoon denying involvement in a rumor on Metromedia Fiber Network Inc. (MFNX, news, msgs). Financial Web site briefing.com quoted trading sources as saying that Metromedia Fiber "has pushed back its reporting date by three weeks in what may be an attempt to secure financing prior to the report, and that such financing may be becoming more difficult to obtain." A separate posting Wednesday morning on the Yahoo! Finance message board had attributed the information to "sources at CIBC" rather than trading sources. The posting, from a person with the screen name "readville," appeared to have been lifted from briefing.com. A Metromedia Fiber spokeswoman said the company expects to report fourth-quarter results sometime in March, but has never set a date. She said there was no change in the company's reporting schedule. She said several investors called the company Wednesday asking about a rumor coming from CIBC. Cynthia Dietzman, a briefing.com equity analyst who specializes in trading flow information, declined to say if the Web site had earlier attributed the information to CIBC sources. She said the correct writeup refers to trading sources and not CIBC. Carr said the rumor doesn't make sense, because Metromedia Fiber never set a reporting date and doesn't need financing. The company is fully funded, he said, and secured a $350 million credit facility in January. The Metromedia spokeswoman referred questions on financing to other company officials, who were not immediately available. -By Christine Nuzum, Dow Jones Newswires; 201-938-5172
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