Read this: TV streaming service Aereo files for bankruptcy | Media | theguardian.com

Summary: Television streaming service Aereo Inc filed for bankruptcy protection after a US supreme court ruled in June that the companys business model violated copyright laws. The court said Aereo had infringed copyrights of broadcasters by capturing live and recorded programs through antennas and transmitting them to subscribers for 8-12 a month. Aereo, which raised 95.6m in financing, suspended its streaming service at the end of June and cut jobs. - theguardian.com