COMPANY TOWN ANNEX

French TV Signs Deal With Time Warner: Though the government has been a vocal advocate of quotas and restrictions aimed at limiting the dominance of such U.S. companies in Europe, the France Television-Time Warner Inc. accord is the latest in a series of Franco-American deals indicating that top executives in the industry see cooperation, rather than confrontation, as the best option. France Television, which operates two state-run, nationwide television channels, said the accord will be a boon for the audiovisual industry in France. The agreement, signed last week in New York, calls for co-production by the two companies, gives France Television special access to Time Warner music and programs, and envisions joint development of new television services.