EXHIBIT 1.2


[LETTERHEAD FOR INTERACTIVE NETWORK]


 
(BW) (INTRCTV-NTWRK) (INNN) Interactive Network announces its going forward
after receiving plan confirmation 

Belmont, CA (April 14, 1999) -- Interactive Network, Inc., (INNN) Chairman and
CEO, Bruce W. Bauer, announced today that on April 12, 1999, the United States
Bankruptcy Court for the Northern District of California had filed an order
confirming the Company's voluntary Chapter 11 plan of reorganization. The
Company intends to proceed promptly to consummate its Settlement Agreement.
Under the terms of the Settlement, TCI, Motorola, Sprint, and NBC will convert
approximately $39,000,000 in debt into 7,814,589 shares of the Company's common
stock at $5 per share, release all liens on Interactive's assets including its
intellectual property, pay the Company approximately $10,300,000 and the
Company's legal expenses of approximately $2,500,000 incurred in connection with
the litigation leading to the Settlement Agreement. The Company will use the
funds received form the Settlement to pay undisputed creditors claims, create a
reserve for the claims it will dispute before the U.S. Bankruptcy Court, and to
fund its operating budget for at least one year.

Mr. Bauer also announced that the Company is now positioned to actively pursue 
the global marketing of its intellectual property to companies interested in the
use of interactive applications including the Internet and entertainment 
sectors.


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