Zing re-examines introduction after ITT pulls out

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Zing Systems will remain on course for its introduction of its $20 million interactive TV service after potential investor ITT Corp. lost interest. The Denver Post reported Sept. 29 that ITT withdrew its offer to invest ``heavily'' and perhaps eventually acquire controlling interest in Zing, which has already delayed the startup of the service for nearly two years. In June, Comcast Corp. and Continental Cablevision agreed to carry Zing's interactive signal to 20 million subscribers. Zing Director of Public Relations Rene Martin said Zing's other investors ``remain supportive and enthusiastic.''

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