Time Warner CEO: 'Nobody' Will Pay for Aereo Service

Aereo doesn't have a compelling value proposition for consumers, Time Warner chairman and CEO Jeff Bewkes said. "If law allows it, which I don't think they will, they will offer [three to four] free-to-air channels. They are free already. All they are doing is charging [people] $8 per month to get them on-demand." Also, broadcast networks' share of total TV viewership has declined over the years, he also highlighted. Appearing at a media and entertainment conference, he also one again shrugged off concerns about the challenge that online video streaming service Netflix poses to his company's HBO.