The IAC chairman and major investor in Aereo says he doesn't see a path forward for Aereo if it loses its Supreme Court case.
"The idea of you paying thousands of dollars a year for a package of cable channels that you don't watch doesn't make any sense," Diller said.
The $300 million cash deal for the struggling information site is expected to close in the next few weeks.
The US Copyright Office says the online-TV startup doesn't qualify -- yet -- for a content license that would let it restart streaming.
The streaming-TV startup's new legal tack embraces the ruling against it, arguing that the decision means Aereo deserves the same copyright license cable companies get.
Chet Kanojia says he'll continue to fight for consumers and innovation after the Supreme Court rules his streaming-TV startup is illegal, but he details no plan.
The US Supreme Court rules against the streaming-TV service, in a 6-3 split opinion that effectively requires Aereo to pay copyright fees or shut down.
The court was loud and clear: Aereo's streaming TV business is illegal. But the decision raises more questions than it answers.
Curious if the Supreme Court will let Aereo live or die? So are copyright experts at the country’s top law schools, especially with the future of TV and digital copyright on the line.
Aereo wants to give you broadcast TV on the Web. But it needed thousands of mini antennas, high-octane transcoding, and lots of air conditioners to build a system it hopes can pass legal scrutiny.