Company Town

* Telecommunications: IDB Communications Group, trying to restore investor confidence after Deloitte & Touche abruptly resigned as its auditors in an accounting dispute, named two outside directors to an oversight subcommittee that will hire new auditors as well as review the company’s accounting systems and controls. The Culver City-based company’s stock plunged more than 50% last week--triggering shareholder lawsuits--after the Deloitte resignation was made public. The subcommittee will be chaired by Franklin E. Fried, former chairman of a seafood distribution company. IDB did not name the second director in its announcement, but it later confirmed that it is Joseph M. Cohen, who last month joined with IDB Chairman Jeffrey P. Sudikoff in buying 72% of the Los Angeles Kings hockey team. IDB, which transmits TV, radio and telephone signals through its satellite communications network, said the panel will retain its own accounting consultant and lawyer.