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From the very beginning, the business seemed like an optimistic gamble on innovation, but after a crushing loss in the U.S. Supreme Court, Aereo CEO Chet Kanojia finally folded his hand, admitting defeat and offering customers a refund on Saturday
"We have decided to pause our operations temporarily as we consult with the court and map out our next steps … All of our users will be refunded their last paid month," Kanojia wrote in an email to the service's subscribers.
Perhaps most troubling, particularly for enthusiastic supporters of the product, the changes to Aereo were swift. "You will be able to access your cloud-based antenna and DVR only until 11:30 a.m. ET today," the email continued Read more...
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