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Aereo lays off more employees but has still not shuttered

Written by Andre Yoskowitz (Google+) @ 07 Nov 2014 14:12 User comments (1)

Aereo lays off more employees but has still not shuttered Aereo has announced that 43 more employees have been laid off, this time from their Boston and New York offices.
"In an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York. We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company. We decline to comment further," said Aereo VP Virginia Lam.

The recent decision for more layoffs comes following a federal judge ruling that placed a full injunction on the company to operate as a TV service.

Aereo was effectively shut down a few months ago following a Supreme Court decision that ruled it violated copyright by offering OTA streams of broadcast channels without paying retransmission fees through thousands of tiny antennas. The company has been trying to resurrect operating as a cable company or as a standalone DVR company.

The clock is ticking, however, as the company cannot raise any more money and all revenue has dried up after the shut down.

Source:
GigaOM

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1 user comment

19.11.2014 23:34

Here's an idea...make sure your product isn't illegal BEFOREHAND.

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