InterActiveCorp-backed (IACI) Aereo has received a fresh $38M in funding - some of it from IAC -...

|By:, SA News Editor

InterActiveCorp-backed (IACI) Aereo has received a fresh $38M in funding - some of it from IAC - to expand its innovative broadcast TV streaming service to 22 new markets by spring, including Chicago, Dallas, Philly, and Houston. Aereo's $12/month NYC service has already driven local broadcasters up the wall and into the courtroom - they see it as a threat to the carriage fees they've begun charging pay-TV providers. (AP review)