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Aereo files for bankruptcy protection
Aereo files for bankruptcy protection

Aereo Inc., the online video streaming service backed by businessman and Television Hall of Fame member Barry Diller, filed for bankruptcy protection on Thursday night, five months after an unfavorable Supreme Court ruling. The service had allowed subscribers to watch, pause and record live TV on their computers. In June, the Supreme Court ruled that the start-up violated copyright law because it was similar to a cable service, but wasn’t paying to transmit copyrighted material. The company argued that it was an antenna service and did not have to comply with copyright law. The 6-3 decision in the case of ABC vs. Aereo was a blow to the company, forcing it to rethink its business...

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