Cbs's Moonves Vows To Stamp Out Aereo

CBS chief Les Moonves is determined to put the Aereo service out of business -- one way or another. At the Milken Global Conference in Beverly Hills on Tuesday, Moonves reiterated his contention that Aereo, which receives broadcast signals on tiny antennas assigned to individual subscribers and allows them to receive them on mobile devices via the Internet, is illegal. On the other hand, Moonves suggested that Aereo poses no threat to CBS, inasmuch as after 18 months of operating in the New York market, it has only been able to sign up 2,000 subscribers. I don't think they're going to hurt us with 2,000 subscribers in New York City, he said. Nevertheless, said Moonves, if CBS loses its court battle to shut down Aereo, he said, he intends to take his case to Congress. Meanwhile, BTIG analyst Richard Greenfield suggests that the broadcasters' battle against Aereo can only wind up hurting themselves. In a note to clients, Greenfield observes that broadcasters have never sued anyone for selling consumers antennas to receive over-the-air television signals. In fact, broadcast-only antenna homes end up spending all of their TV time on broadcast network programming, compared to multichannel video homes where broadcast network viewership is now sub 50 percent and falling rapidly. Aereo, he notes, would only increase viewership for the broadcasters that are suing them.



Contactmusic

Tags: CBS - Les Moonves - Nevertheless


Advertisement

Editors Recommendations

Kiefer Sutherland Issues Professional Response To Freddie Prinze Jr.'s "Unprofessional" Criticism

The 47 year-old actor only had fond memories of working with Prinze Jr...

Kiefer Sutherland Issues Professional Response To Freddie Prinze Jr.'s

Jessie J's New Single "Bang Bang" Is A Summer Playlist Staple

Ariana Grande is checking off rap babes to collaborate with one by one...

Jessie J's New Single

Reason #23435 To Like Chris Pratt - "Guardians Of The Galaxy" Star Connects With Fans At Charity Screening

Chris Pratt may just be the best human – in Hollywood, anyway. The Guardians...

Reason #23435 To Like Chris Pratt -

Zayn Malik told to kill himself after controversial tweet

One Direction’s Zayn Malik has attracted enormous criticism on Twitter after simply...

Zayn Malik told to kill himself after controversial tweet

La Toya Jackson - Feels Like Love

La Toya Jackson is re-booting her showbiz career with a brand new music video for latest single...

La Toya Jackson - Feels Like Love Video
Advertisement

Quentin Tarantino Confirms That 'The Hateful Eight' Will Be Made For Big-Screen

Quentin Tarantino seems to have had a change of heart against the individuals...

 Quentin Tarantino Confirms That 'The Hateful Eight' Will Be Made For Big-Screen

Allegations of sexual harassment at Comic-Con

A group of young women from Philadelphia that founded a website titled...

Allegations of sexual harassment at Comic-Con

Ashton Kutcher And Mila Kunis Are Set To Tie The Knot Next Year

Excited fans first heard the news that former 'That 70's Show' co-stars...

Ashton Kutcher And Mila Kunis Are Set To Tie The Knot Next Year


More recommendations

Advertisement

Comments

CBS Newsletter

Subscribe to this news alert service to receive news and reviews on CBS

Unsubscribe | Unsubscribe All