A service aimed at cable TV cord cutters is set to launch in New York on March 14. The service, called Aereo, streams live broadcast TV channels to all Internet-enabled devices, from smart phones to tablets, for the monthly fee of $12.
To lure new customers, Aereo is offering New Yorkers a 30-day free trial.
The service also announced Tuesday $20.5 million in financing led by Barry Diller's IAC. Diller, the chairman and senior executive of IAC, has joined Aereo's board of directors.