Since videotex and teletext information retrieval systems are likely to become as widespread as television, their impact--personal, social, physical or psychological--should be examined before widespread implementation to insure "the greatest good for the greatest number." Transmitted by television signal, teletext information will probably be used for home retrieval of news, while videotex, a two-way interactive system connecting users with databases via the telephone network, could be used to pay bills, to bank, and to shop. The institutional impact of these systems will be greatest on news-based industries; paper mills, newspapers, magazines, and the postal service will suffer severe recessions. Shifts from heavy to information or service industries will cause severe industrial unemployment unless workers are retrained for new, information-based jobs. Benefits for society and the individual include a cleaner environment as transportation needs decline and greater individual control over information received. With databases taking over mundane chores, people will have more time for creative activities. Unfortunately, only upscale consumers will be able to enjoy these advantages. Even these benefits, though, could pose problems. With more couples working at home, family problems as well as family closeness, could increase. (MM)