METROMEDIA BUYS WARRANT FOR SHARES OF ORION
<Metromedia Co> said it
purchased from Time Inc's <TL> Home Box Office Inc a warrant to
purchase 800,000 shares of common stock of Orion Pictures Corp
<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.
 Reuter
