This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bring it On: Aereo Ready for Supreme Court Showdown With Networks

NEW YORK ( TheStreet) -- Aereo's battle with network TV is going to the Supreme Court, and CEO Chet Kanojia says he welcomes the opportunity to counter efforts by the country's largest media companies, including Walt Disney (DIS - Get Report), 21st Century Fox  (FOXA - Get Report) and CBS (CBS), to shut down the online video provider.

The court Friday said it has agreed to hear an appeal by Disney, Fox, CBS and Comcast's (CMCSA) NBCUniversal to overturn a lower court ruling that supported Aereo's claim that it can legally rebroadcast the networks' free over-the-air signal through its Internet site. Aereo, which is available in 10 markets, including New York, Miami and Houston, argues that it's simply repackaging the networks' live programming to laptops and mobile devices.

The networks counter that Aereo, which is owned in part by Barry Diller's IAC/Interactive (IACI), is stealing their signals, avoiding the "retransmission" fees that pay-TV operators such as Time Warner Cable (TWC) pay the media companies for their programming.

In a statement, Kanojia said "We look forward to presenting our case to the Supreme Court and we have every confidence that the Court will validate and preserve a consumer's right to access local over-the-air television with an individual antenna, make a personal recording with a DVR, and watch that recording on a device of their choice."

At stake is the very framework of the pay-television model. The networks fear that a victory by Aereo could allow cable and satellite providers to avoid paying those fees -- often in the form of multi-billion dollar multi-year contracts -- to carry their programming. Broadcasters have warned that if they were to lose to Aereo, they could remove some of their programming, such as live sports, from free over-the-air signals.

--  Written by Leon Lazaroff in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FOXA $30.26 0.00%
DIS $103.26 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs