COMPANY TOWN ANNEX
Partnership Bets on Electronic Wagering: NTN Communications, a Carlsbad, Calif.-based interactive TV company, has sold a 50% stake in its IWN subsidiary to Command Performance Network Ltd. for $10 million. NTN has been developing interactive programming and technology for the horse racing, parimutuel and gaming industries. CPN is headed by former CBS and Turner executive Robert Wussler. Wussler said the partners will be looking to develop interactive technologies for the wagering industries through different platforms, including cable TV, telephony and satellites.
For the record:
12:00 AM, Aug. 20, 1994 For the Record
Los Angeles Times Saturday August 20, 1994 Home Edition Business Part D Page 2 Column 6 Financial Desk 1 inches; 31 words Type of Material: Correction
Command Performance Network--The network has signed a letter of intent to invest $10 million in IWN, a subsidiary of Carlsbad, Calif.-based NTN Communications. An Aug. 11 article incorrectly reported the investment.