METROMEDIA BUYS WARRANT FOR SHARES OF ORION

  &lt;Metromedia Co> said it
  purchased from Time Inc's &lt;TL> Home Box Office Inc a warrant to
  purchase 800,000 shares of common stock of Orion Pictures Corp
  &lt;OPC>.
      The price for the warrant was 10 mln dlrs, Metromedia said.
  It added that it now owns 16.4 pct of the outstanding common
  stock of Orion.
  

