Aereo CEO Announces Suspension Of Operations In Wake Of Supreme Court Decision

Aereo CEO Chet Kanojia announced in a letter on Saturday that his company would "pause our operations temporarily" after a Supreme Court decision struck a major blow to its business model. Aereo uses small antennas to pick up broadcast TV signals, and streams those signals to consumers for a fee of $8 a month. In doing so, it bypasses huge companies like Comcast, which pay large fees to broadcasters for the right to include their channels in cable packages. ...

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