IAC

News Byte

Broadcast Stations Sue Aereo Over Web TV Plans

Peter Kafka in Media on March 1 at 3:30 pm PT

The owners of four New York-area TV stations have sued Aereo, the start-up that plans to give users Web access to live broadcast TV. Aereo, which has raised $25 million from backers including Barry Diller’s IAC and venture investors like First Round Capital, has been expecting copyright challenges from the TV industry. It argues that its technology is legal because individual users will be getting streamed TV from their own individual antennas. One of the plaintiffs, Fox Television Stations, is owned by News Corp., which also owns this Web site.

News Byte

Proust Will Live On, Separate From IAC

Lauren Goode in News on January 31 at 3:34 pm PT

Proust, a social-journaling service owned by IAC, was slated to shut down today, after just a six-month run. But Proust isn’t shutting down, after all: The service sent an email to users saying that it will remain active due to an outpouring of support from the Proust community. The service is now independent of IAC, and is being run by anonymous investors and entrepreneurs operating under Proust Interactive LLC.