TV Streaming Service Aereo Files for Bankruptcy

Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company’s business model violated copyright laws. Aereo, in which Barry Diller’s IAC/InterActiveCorp has a 23.30 percent stake, said in a Chapter 11 filing late on Thursday said it would sell its assets or reorganize. […] The filing is In re: Aereo Inc, U.S. Bankruptcy Court, Southern District of New York, No:14-13200. – Tanya Agrawal,Reuters via The Huffington Post¬†¬†
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