The company is figuratively bleeding to death.
— Aereo, in a filing beseeching the federal court in Manhattan to let the company operate as a cable-TV service. If it s not allowed to do so — and in light of a June Supreme Court decision that found it in violation of copyright laws — Aereo says it will likely not survive. Aereo, which used digital antennas to stream local broadcast-TV signals to its customers without paying TV networks, stopped operating after the Supreme Court ruling. Now it s not bringing in any money, which obviously is a problem.
Photo: Chet Kanojia, founder and CEO of Aereo, shows a tablet displaying his company s technology in New York in 2012. (Bebeto Matthews/Associated Press)