Monday, June 21, 2021

AEREO LAYS OFF STAFF, PREPARES TO SHUT DOWN

November 7, 2014 by · Leave a Comment 

Aereo’s slow fade-out continued on Thursday with the announcement that it is laying off most of its employees and completely shutting down its Boston office. It has not been operating its service since June, when the U.S. Supreme Court ruled that it violated the Copyright Act. Until then, it was streaming local TV broadcasts in several major cities to subscribers who "rented" tiny antennas that captured the signals and relayed them to the users’ Internet-connected devices. However, it has kept its staff on payroll in the hope that it might be rescued by new legislation by Congress or a favorable ruling by the FCC. It is still hoping for such a rescue, but presumably it can no longer justify keeping on its expensive staff while the wait for a reprieve goes on. "We are continuing to conserve resources while we chart our path forward," Aereo executive Virginia Lam said in a statement. Referring to the layoff, she added, "This was a difficult but necessary step in order to preserve the company."