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Aereo CEO responds to CBS and FOX threats to move to cable

Aereo CEO responds to threats made by FOX and CBS to go to a subscription model

| Business, Financial & Legal News | Posted: Apr 17, 2013 9:33 pm

CEO of Aereo, Chet Kanojia, has responded to the threats issued by CBS and FOX over Aereo not being shut down. CBS and FOX have threatened to move to a subscription platform, such as cable, if they are not successful in their lawsuit to stop the antenna-renting Aereo.

 

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"They're independent businesses, they can choose to do what they wish to," Kanojia said. "Can you disenfranchise over 54 million people over what they can rightfully do today?"

 

Broadcast TV networks have become major players in the TV game mostly due to their wide--and free--availability. Their wide audiences have also brought in massive amounts in advertising dollars, something they'll be hard-pressed to want to give up. Kanojia believes that this will ultimately result in CBS and FOX staying free broadcast networks.

NEWS SOURCE
Venturebeat.com

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