


EXHIBIT 11

                           ACTV, INC. AND SUBSIDIARIES
                          COMPUTATION OF LOSS PER SHARE

<TABLE>
<CAPTION>
                                                 Nine Month Period         Three Month Period
                                                 Ended September 30,       Ended September 30,
                                                  1997         1998          1997          1998
                                             (as restated)              (as restated)                   
                                              ----------    ----------    ----------    ----------
<S>                                           <C>           <C>           <C>           <C>       
Weighted average shares outstanding ......    12,338,339    19,309,832    13,171,584    23,422,018
                                              ----------    ----------    ----------    ----------


Common stock equivalents .................            --            --            --            --
                                              ----------    ----------    ----------    ----------
         Total ...........................    12,338,339    19,309,832    13,171,584    23,422,018
                                              ==========    ==========    ==========    ==========



Net loss applicable to common shareholders   $(7,042,623)  $(9,869,022)  $(2,303,598)  $(3,833,484)
                                              ==========    ==========    ==========    ==========

Loss per share applicable to common
Shareholders .............................   $      (.57)  $      (.51)  $      (.17)  $      (.16)
                                              ==========    ==========    ==========    ==========
</TABLE>



