The brief argues that Aereo is a subscription service that "publicly performs" broadcast TV by streaming it over the Internet. The broadcasters say that Aereo shouldn't be allowed to sell subscriptions to rebroadcast their content over the web.
Earlier this month Aereo said it will not challenge a Supreme Court filing. It will instead let previous cases stand for themselves as its defense. In those court cases Aereo argued that it doesn't sell subscriptions to the content, but instead sells access to its tiny antennas and cloud DVR service to subscribers. By subscribing to the service Aereo users can view the over-the-air broadcasts those antennas pick up on their computers, tablets, or smartphones.
The distinction between selling subscriptions to the rebroadcasted content and selling access to physical equipment could mean the difference between Aereo's continued existence and a ruling against it.
TheStreet Ratings team rates Twenty-First Century Fox as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."