COMPANY TOWN ANNEX

Interactive Network Receives Cash Infusion: Financially troubled Interactive Network Inc., which in August told federal regulators it was in danger of shutting down unless it received a further cash infusion, said it has received financing of about $42 million. The San Jose-based interactive TV company said that strategic partners Tele-Communications Inc. and NBC, plus new investors Motorola and Sprint, have together provided $25.25 million, of which about $24 million is in the form of a secured, convertible loan. In addition, IN said it has received about $12 million from unidentified “foreign financial institutions” and another $5 million in convertible debt from an unidentified “principal supplier.” IN announced on Sept. 1 that its major investors had agreed to infuse the company with $20 million toward its financing goal of $50 million.