Aereo closed a $34 million round of financing to...
Aereo closed a $34 million round of financing to fund “rapid nationwide expansion,” it said in a news release Tuesday night. New investors in the company include IAC, Himalaya Capital Management and Gordon Crawford, formerly of Capital Research and Management,…
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the release said. “Aereo is available in 10 markets and will grow to 15 by the end of the quarter,” said CEO Chet Kanojia in the release. Aereo is currently available in New York City, Boston, Atlanta, Miami, Salt Lake City, Houston, Dallas, Denver, Detroit and Baltimore. The company is embroiled in ongoing court challenges to its business model in Utah and Massachusetts, and the U.S. Supreme Court is expected to announce Monday whether cert has been granted on a broadcaster appeal of a 2nd U.S. Circuit Court of Appeals ruling in Aereo’s favor (CD Jan 3 p9).