At yesterday's price of $56.125, the Warner stock is worth $954 million.

Warner stock, the most-active issue on the Big Board yesterday, rose 37 1/2 cents, to $56.125, on 3.2 million shares.

Warner stock remained very active but continued trading in a narrow range, dropping 12.5 cents, to $59.50.

BHC owns television stations and 33 million shares of Warner stock.

Warner stock closed yesterday at $59.25, up $3.625.

Warner stock gained $2 on Friday, to $64.25, Time slid $4.75, to $145.25.

BHC Holdings owns television stations and $33 million in Warner stock.

Each reportedly got at least $40 million from the sale of Warner stock to Time.

Both are independently wealthy as a result of owning Warner stock that they sold in the merger, and each will inevitably be courted by other companies.

Because Warner stock plunged after Atari collapsed, the company was vulnerable to raiders.