More Bad News from Aereo(▼)(▲)
November 7, 2014
Aereo Inc. says it’s firing employees in Boston and New York to help preserve resources, four months after the online TV-streaming service was dealt what may be a fatal blow by the U.S. Supreme Court.
I was hoping Aereo would pull through somehow, particularly with the FCC on the verge of evening the playing field between internet, cable, and satellite TV. Maybe these layoffs are needed to keep the company afloat while it awaits that ruling, but either way, things aren't looking too bright. Even if the rule change does go through, and does give Aereo a new opportunity, they'll now have a lot to rebuild before moving forward.