Why it’s still too soon to declare Aereo dead

Aereo, the embattled streaming TV company that got smacked down by the Supreme Court, is laying off around 60 people across its New York and Boston offices. It's a pretty drastic cutback.

Roughly a third of the layoffs are hitting the New York office, where the company has engineers, customer care and marketing staff. But analysts predict Aereo will survive, even if it means having to fire everyone except for a few people huddled in a Boston bunker, because although the company has gone into hibernation mode, its backers have plenty of money to keep it on life support. Here's another sign the company could continue on: Aereo's litigation is still ongoing, and the company also weighed in on an Federal Communications Commission proposal to regulate streaming video services in the same way as cable companies. More importantly, just this past October, Aereo spokeswoman Virginia Lam became a registered lobbyist for the company. You don't tend to do that unless you plan on sticking around.