real-time news and commentary for investors
Friday, Oct 11
Broadcasters could go to Supreme Court to shut down Aereo
- Broadcasters could reportedly file a petition to the Supreme Court today to stop Aereo from operating due to copyright violations.
- The plaintiffs have suffered a string of legal losses in their attempts to shut Aereo down, the latest coming this week in Massachusetts.
- Backed by media mogul Barry Diller and InterActiveCorp (IACI), Aereo streams local-TV signals over the Web for $12 a month using thousands of tiny broadcast antennae.
- Those lining up against Aereo in the legal fight include Disney's (DIS) ABC, CBS (CBS), Fox (FOXA) and Comcast's (CMCSA) NBC.