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HOLLYWOOD HAPPENINGS

Cable TV mogul Ted Turner has pulled out of negotiations to buy bankrupt Orion Pictures and its film library.

"We're interested in any good library," Turner said during the recent American Film Market meeting in Santa Monica. "But . . . we don't want to purchase that particular company at this particular time."Turner's departure leaves New Line Cinema and the French bank Credit Lyonnaise as Orion's leading suitors.

- THEATER OWNERS have named Stephen Dorff, star of the upcoming "The Power of One" as this year's "Male Star of Tomorrow." Dorff, who appeared in TV movies like "Do You Know the Muffin Man" and "Always Remember I Love You," beat out more than 2,000 other actors during auditions for "The Power of One." Previous star of tomorrow winners include Johnny Depp, Winona Ryder, Kim Basinger, Richard Grieco.

- THERE'S NO RECESSION for Arnold Schwarzenegger. Entertainment Weekly says the muscleman will get between $13 million and $15 million for playing a "kinder, less violent" hero in Columbia's upcoming "The Last Action Hero." Schwarzenegger has also turned down a chance to play the tooth fairy in "Sweet Tooth."