Aereo Seeks Bankruptcy After Losing Supreme Court Fight
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Aereo Inc.’s quest to shake up the television industry with its online-streaming service has come to an end.
The Barry Diller-backed startup sought bankruptcy protection after the U.S. Supreme Court said its TV service violated programming copyright protections. The nation’s highest court rang the death knell for Aereo in June, handing a victory to broadcast giants including CBS Corp., Walt Disney Co.’s ABC, Comcast Corp.’s NBCUniversal and 21st Century Fox Inc.