Tag Archives: foxa

Aereo Loses Supreme Court Ruling; Media Stocks Rise

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,

Aereo TV War of Attrition: From Courts To Congress?

Aereo has good reason to worry about any war of attrition with broadcasters. Even if the TV-over-Internet startup wins its legal battle vs. ABC, CBS (CBS), Fox and NBC, there’s a good chance Congress would then step in, analysts say. Aereo, which has won two federal court rulings, on Thursday asked the U.S. Supreme Court to hear TV broadcasters’ appeal. ABC owner Walt Disney (DIS), CBS, Twenty-First Century Fox (FOXA) and NBC owner Comcast (CMCSA)