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"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman...

"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman Barry Diller, who just resigned from TripAdvisor's board. IAC's Newsweek Daily Beast JV has been an albatross for the company, as it tries to get the business to turn a profit while shifting to an all-digital model. Diller also claims TV broadcasters are trying to use Congress to shut down IAC-backed Aereo, and suggests Aereo could start offering additional content if it reaches 10M-20M subs (that could take a while); the service will arrive in Boston in May. (more on Aereo)
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Comments (3)
  • Remyngton
    , contributor
    Comments (350) | Send Message
    Diller should shut it down
    29 Apr 2013, 02:07 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (360) | Send Message
    1. Fox will not pull their over the air signal and go cable-only. (See cutting off your nose to spite your face)
    2. Congress will do absolutely nothing about the broadcasters' complaints against Aereo. They can't do much of anything and anything pro-cable, pro-broadcaster would be political poison.
    3. Aereo won't get to 10-20 million subscribers. Long before then the larger players will get into the business fragmenting the market.
    4. But Aereo will be profitable before that point. When someone bigger buys them out.
    29 Apr 2013, 02:07 PM Reply Like
  • kmi
    , contributor
    Comments (4526) | Send Message
    Great comment!


    I think Aereo's issue is mostly that it still requires a network connection and a monthly payment to obtain something that is relatively cheap or free.


    $50 for an antenna to get the signal or $8/mnth to Aereo + a data feed at $35/month minimum. The demographic which consumes the free over the air channels provided by Aereo are also unlikely to own data connections or be tech-savvy to avail themselves of the product, so Aereo seems to be an add-on service for more tech-savvy younger folks looking for always-on data fed free TV... seems sorta niche.


    I'm in the NY area, I signed up for Aereo, but never took advantage of the service since I sorta don't see the point... Perhaps if I tried it I'd change my mind, but I don't watch much TV in the first place...
    30 Apr 2013, 08:15 AM Reply Like
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