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Chet Kanojia, founder and CEO of television-over-the-Internet service Aereo, Inc.,  in New York last December. (AP Photo/Bebeto Matthews, File)
Chet Kanojia, founder and CEO of television-over-the-Internet service Aereo, Inc., in New York last December. (AP Photo/Bebeto Matthews, File)
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Aereo files for Chapter 11 bankruptcy protection

NEW YORK (AP) -- Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavorable ruling by the U.S. Supreme Court was too difficult to overcome.

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Cable Television
Flickr User Ho John Lee
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Do You Pay For the TV Programming You Watch?

According to Bloomberg News, 2013 will be the first year ever in which pay TV subscriptions decline.

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