Aereo's Supreme Court Loss Leaves It in Salvage Mode

With its loss before the Supreme Court, Aereo suddenly finds itself in salvage mode. The court ruled that the company -- which uses tiny antennas to beam broadcast TV signals to subscribers’ devices -- had violated broadcasters’ copyrights.

The ruling killed Aereo's business model in the midst of what had been a speedy rollout of the technology across the United States. It was a victory for traditional TV, and a setback for companies that hope to circumvent traditional TV sets by bringing TV to the masses without paying broadcasters to do so.

Now Barry Diller and other investors must find some way to recoup their money. Aereo CEO and founder Chet Kanojia raised one way Aereo could recoup some of its expenses: he said the company's technology was “immensely valuable” and he is “sure somebody will want it.”