Scalper1 News
The U.S. Supreme Court, in a 6-3 decision, ruled that startup Aereo’s TV-over-Internet service violated broadcasters’ copyrights, a big win for broadcasters that sent shares of CBS and other media companies rising. CBS (CBS) stock was up 5% in early trading in the stock market today. Shares of Walt Disney (DIS), which owns ABC, and Twenty-First Century Fox (FOXA) were up more than 1%. A victory by Aereo could have endangered retransmission fees, Scalper1 News
Scalper1 News