Tim Molloy
Aereo CEO Asks Consumers to Rise Up and Fight for Aereo
Aereo founder and CEO Chet Kanojia is asking Americans to rise up and demand the right to beam broadcasters’ signals to their computers -- while paying Aereo's fee to do so.
He is asking Aereo subscribers to ask Congress to do… something. It is unclear what that might be, since the court has already shot the company down.
“Today, I'm asking you to raise your hands and make your voices heard. Tell your lawmakers how disappointed you are that the nation's highest court issued a decision that could deny you the right to use the antenna of your choice to access live over-the-air broadcast television. Tell them your stories of why having access to a cloud-based antenna is important to you and your families. Show them you care about this issue,” he wrote in an appeal to Aereo subscribers.
Aereo's Supreme Court Loss Leaves It in Salvage Mode
With its loss before the Supreme Court, Aereo suddenly finds itself in salvage mode. The court ruled that the company -- which uses tiny antennas to beam broadcast TV signals to subscribers’ devices -- had violated broadcasters’ copyrights.
The ruling killed Aereo's business model in the midst of what had been a speedy rollout of the technology across the United States. It was a victory for traditional TV, and a setback for companies that hope to circumvent traditional TV sets by bringing TV to the masses without paying broadcasters to do so.
Now Barry Diller and other investors must find some way to recoup their money. Aereo CEO and founder Chet Kanojia raised one way Aereo could recoup some of its expenses: he said the company's technology was “immensely valuable” and he is “sure somebody will want it.”
Time Warner Cable CEO Robert Marcus Eligible for $80 Million Golden Parachute
Time Warner Cable CEO Robert Marcus, who served in the role for just 44 days before Comcast announced plans to take over his company, is eligible for an $80 million golden parachute in the acquisition.
A Securities and Exchange Commission statement says Marcus could receive $56.5 million in equity, $20.5 million in cash, and $400,000 in benefits, among other payments. The payout is dependent on Comcast winning federal approval for the takeover, and TWC shareholders will have a chance to weigh in on the terms.