Aereo Adds First Cable Channel: Bloomberg TV

Online-television startup Aereo has begun paying for traditional TV content, reaching a deal to add Bloomberg TV to its program lineup.

Aereo, backed by media mogul Barry Diller’s IAC/InterActiveCorp, launched a Web TV service earlier this year that streams broadcast TV signals of New York stations to New York residents for a monthly fee. But the launch created an uproar within the television world, as Aereo didn’t get prior approval of the broadcasters and isn’t paying for the right to carry their signals. As a result, the major broadcast networks sued Aereo in federal court in New York, alleging copyright infringement. The case hasn’t been resolved.

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