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MAR 27, 2014 - Business Insider

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AEREO CEO: Our Investors Can Kiss $97 Million Goodbye If The Supreme Court Rules Against Us

Aereo, the Internet TV startup that lets people stream broadcast television and record it to a virtual DVR, doesn't have a backup plan if it loses its lawsuit from broadcasters like Fox and CBS that want its business model declared illegal. On April 22, the company is going to have a chance to argue its case to the Supreme Court. In an interview with Bloomberg TV earlier this week, Aereo CEO Chet Kanojia responded to questions about the company's plans if it loses the case with a shockingly honest answer: “No. There is no plan. We believe in our merit and we do think it’s ... Read More

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