COMPANY TOWN

Film: European entertainment conglomerate PolyGram is negotiating to buy the film and television operations of Samuel Goldwyn Co., the financially troubled independent movie company, according to sources. Goldwyn’s upscale Landmark chain of art house movie theaters would not be included in the deal. Goldwyn had been close to a deal with Turner Broadcasting System Inc., but that fell through when Turner agreed to be bought by Time Warner Inc. Walt Disney Co. also has offered to buy Goldwyn’s film library. Goldwyn’s stock was up 56 cents a share Monday on speculation of a potential deal, closing at $5.06 in trading on the American Stock Exchange. PolyGram declined to comment, and executives from Goldwyn did not return calls. Goldwyn has suffered from such box-office duds as “The Perez Family” and from a hefty $60-million debt load. PolyGram has been trying to build its movie business and has said it eventually plans to have its own distribution system. PolyGram is controlled by Dutch electronics giant Philips Electronics.