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ORION PICTURES ANNOUNCES AGREEMENT

 ORION PICTURES ANNOUNCES AGREEMENT
 NEW YORK, June 4 /PRNewswire/ -- Orion Pictures Corporation


(NYSE: OPC) announced today that it, Metromedia (its principal shareholder), and the Official Unsecured Creditors' Committee have an agreement in principle with respect to a stand-alone plan of reorganization. The agreement in principle is subject to, among other things, the obtaining of further consents by other interested parties and the preparation of definitive documentation.
 -0- 6/4/92
 /CONTACT: Paul Wagner of Orion Pictures, 212-632-5745; or Michael S. Sitrick or Amy Goldberg of Sitrick And Company, 310-788-2850, for Orion Pictures/
 (OPC) CO: Orion Pictures Corp. ST: New York IN: ENT SU: RCN


AL -- LA014 -- 7017 06/04/92 11:50 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 4, 1992
Words:113
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