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.