New Company Aereo to Provide Online Streaming of Broadcast TV

Service available to New York residents; backed by Barry Diller/IAC

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First-run broadcast content has long been the holy grail in the streaming wars; now, it's coming to New York residents via a new company called Aereo. The Web-based service will be available on platforms like Roku and Apple TV and has among its backers FirstMark Capital, High Line Venture Partners and, most notably, Barry Diller's IAC.

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