Aereo Streaming Tv Service Files For Chapter 11 Bankruptcy
Aereo, the streaming TV service that let users watch near-live TV on mobile devices, has announced that the company is filing for Chapter 11 reorganization in the US Bankruptcy Court for the Southern District of New York. The company has appointed Lawton Bloom, of financial crisis management specialists Argus, to serve as its Chief Restructuring Officer during the shutdown process. In a post on the company blog, punningly-titled “The Next Chapter”, Aereo’s CEO and founder Chet Kanojia says: “While we had significant victories in the federal district courts in New York and Boston and the Second Circuit Court of Appeals,...
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