Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Aereo Bankruptcy
Old 11-21-2014, 06:49 PM   #121
Thinks s/he gets paid by the post
imoldernu's Avatar
 
Join Date: Jul 2012
Location: Peru
Posts: 4,616
Aereo Bankruptcy

UPdate
Quote:
Aereo scored $95.6 million in venture equity despite a legal bull rush from television networks who contended the company was violating their public performance rights. Remarkably, $33.5 million of Aereo's funding more than a third came in October 2013 as the case was nearing the Supreme Court. The high court hadn't yet delivered its near death knell. In Aereo, they thought they had a technology that would disrupt the billions of dollars spent on cable and satellite service.
On Thursday, Aereo declared Chapter 11 bankruptcy, and according to the debtor's court documents, the upstart had burned through most of its funding. Aereo counts $20.5 million in assets but just $4.6 million in cash on hand. That's against $4.2 million in undisputed liabilities. Level 3, Quality Technology Services and Google are the three biggest creditors. Law firms come next.
Aereo Investors Lose a $95.6 Million Bet on Future of Television - Hollywood Reporter
__________________

__________________
imoldernu is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-21-2014, 07:47 PM   #122
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,334
Very sad. But, I have my DVR and my Flatwave antenna and am recording free OTA TV for viewing on my schedule. It's to bad as Aereo would have added some competition to the cable TV business, something that is sorely needed for many people.
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 11-25-2014, 08:15 AM   #123
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,914
Hopefully, this helps re-calibrate expectations: Competition and choice are fine, as long as the business model for a new competitor isn't based on violating the law and ignoring someone else's property rights. I think recent changes (related to the recently announced, online-only HBO service, for example), show the best path forward.
__________________
bUU is offline   Reply With Quote
Old 11-25-2014, 08:19 AM   #124
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,644
Quote:
Originally Posted by Chuckanut View Post
Very sad. But, I have my DVR and my Flatwave antenna and am recording free OTA TV for viewing on my schedule. It's to bad as Aereo would have added some competition to the cable TV business, something that is sorely needed for many people.
There was some group giving away free antennas at a nearby market on Sunday. People were lined up for a block and a half to get them. Weird - I bet two thirds of them have cable and no plans to change.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 11-25-2014, 09:07 AM   #125
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,891
Quote:
Originally Posted by donheff View Post
There was some group giving away free antennas at a nearby market on Sunday. People were lined up for a block and a half to get them. Weird - I bet two thirds of them have cable and no plans to change.
Did someone say "FREE"?
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply With Quote
Old 11-25-2014, 11:42 AM   #126
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,165
Quote:
Originally Posted by easysurfer View Post
Did someone say "FREE"?
Heck, it's not FREE Bacon though.
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 11-25-2014, 05:09 PM   #127
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
Quote:
Originally Posted by bUU View Post
Hopefully, this helps re-calibrate expectations: Competition and choice are fine, as long as the business model for a new competitor isn't based on violating the law and ignoring someone else's property rights. I think recent changes (related to the recently announced, online-only HBO service, for example), show the best path forward.
Probably much easier claim to make for those who can get the major networks OTA. Funny how the major networks fight for "property rights" on something they give away for free over-the-air to those lucky enough to be within the range of OTA signal.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 11-25-2014, 08:32 PM   #128
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,278
Quote:
Originally Posted by pb4uski View Post
Probably much easier claim to make for those who can get the major networks OTA. Funny how the major networks fight for "property rights" on something they give away for free over-the-air to those lucky enough to be within the range of OTA signal.
Yes, but their business model is to show commercials.... and if you want it free OTA you either record it on your own device or watch it live....

If you do neither of these, they want to control how you look view it later... you can go to their website and watch (and may or may not get commercials) or use a service where they are paid some fee...

As mentioned, it is their property rights and they should have a say on how their property is to be used....
__________________
Texas Proud is offline   Reply With Quote
Old 11-25-2014, 08:37 PM   #129
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,282
Quote:
Originally Posted by Texas Proud View Post
...

As mentioned, it is their property rights and they should have a say on how their property is to be used....
Complicated by the fact that they are using 'public' airwaves.

-ERD50
__________________
ERD50 is online now   Reply With Quote
Old 11-25-2014, 10:01 PM   #130
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
Quote:
Originally Posted by Texas Proud View Post
Yes, but their business model is to show commercials.... and if you want it free OTA you either record it on your own device or watch it live....

If you do neither of these, they want to control how you look view it later... you can go to their website and watch (and may or may not get commercials) or use a service where they are paid some fee...

As mentioned, it is their property rights and they should have a say on how their property is to be used....
I'm fine with them having a say as to how it is used.... just allow some mechanism for people who live in areas that don't receive good OTA signal to get it like other OTA customers and then I can record it on my own device and watch it later at my convenience. I don't mind paying a small fee to Aereo or to them even though OTA customers get for for free.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 11-27-2014, 04:44 AM   #131
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,914
And that is called "cable television". With a monthly fee that reflects all the costs including those associated with the broadcaster. What really needs to happen to address your concerns is for the local government where you live to come to care about your concerns the way you do and put their (your) money where their mouth is: If the local MSO is charging too much and no one is willing to compete against them, then the government should build its own network, or pay the market rate to take over the MSO's facilities by eminent domain, in the public interest, and make the service available to residences for free. That is a solution to the problem that doesn't exploit someone else's property without permission.
__________________
bUU is offline   Reply With Quote
Old 11-27-2014, 08:25 AM   #132
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
No thanks... a progressive city near us tried this and it was an unmitigated disaster and has cost taxpayers millions so a socialist response is not the way.

Quote:
A home network connecting every residence and business of Burlington was conceived in the 1980s. There were a number of failed attempts in the 1990s. A funding source could not be found. An experienced telecommunications expert, Tim Nulty, was hired as a consultant by the city. Nulty became General Manager of the newly created Burlington Telecom, a division of the city government. The network was laid in stages. The first stage was finished and profitable by 2003. The first and second stages became profitable by 2006. This led local government officials to believe the project would result in a major funding source for public coffers in the future.

In September 2009 Burlington informed the Vermont Public Service Board it had used $17 million in city money to support Burlington Telecom operations since early 2008. The failure to repay that loan was a violation of Burlington Telecom's state license. The revelation prompted a forensic audit of Burlington Telecom by the Public Service Department and, in early 2010, a criminal referral to the Vermont Attorney General. Two private citizens also filed suit in Chittenden Superior Court in Burlington to compel Burlington Telecom to repay the $17 million.

A special committee created by the City Council and including four citizens experienced in finance or telecommunications concluded in January 2010 that Burlington Telecom was unable to support its debt load. In mid-February 2010, Burlington Telecom defaulted on an interest payment of $386,000 to its commercial lender, CitiLeasing.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 11-27-2014, 08:36 AM   #133
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,465
Quote:
Originally Posted by pb4uski View Post
no thanks... A city near us tried this and it was an unmitigated disaster and has cost taxpayers millions so that's not the way.
fify
__________________
MichaelB is offline   Reply With Quote
Old 11-27-2014, 08:42 AM   #134
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
I wasn't overstating it... its nickname is the Peoples Republic of Burlington.

Quote:
Nickname for the left-leaning Burlington, popularized during the mayoral tenure of now US Senator Bernie Sanders, who is a self-proclaimed democratic socialist.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 11-27-2014, 08:47 AM   #135
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,465
I wasn't understating it, just showing how the same thing could be said without the partisan and political references.
__________________
MichaelB is offline   Reply With Quote
Old 11-27-2014, 08:47 AM   #136
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,282
Quote:
Originally Posted by pb4uski View Post
No thanks... a progressive city near us tried this and it was an unmitigated disaster and has cost taxpayers millions so a socialist response is not the way.
Just because one city did it wrong doesn't mean it can't be done right.

One example of something similar that does seem to be working right in Illinois, is the way we can have a separate provider and supplier for our electrical power. One company is paid to maintain the lines and provide service, and another can be chosen to provide the actual power.

A municipality could certainly outline a competitive model for telecom services, and that does not necessarily mean that they need to own any part of it.

-ERD50
__________________
ERD50 is online now   Reply With Quote
Old 11-27-2014, 08:48 AM   #137
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,282
Quote:
Originally Posted by MichaelB View Post
I wasn't understating it, just showing how the same thing could be said without the partisan and political references.
Was that 'fify' from MichaelB the moderator, or as a personal post?

-ERD50
__________________
ERD50 is online now   Reply With Quote
Old 11-27-2014, 08:54 AM   #138
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,465
Quote:
Originally Posted by ERD50 View Post
Was that 'fify' from MichaelB the moderator, or as a personal post?

-ERD50
that which we call a rose

All of my posts are from just another participating member unless otherwise noted. I'm not trying to provoke, just show a way to express the same thought without opening a door we prefer to keep closed.

I'll bow out now...
__________________
MichaelB is offline   Reply With Quote
Old 11-27-2014, 09:44 AM   #139
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,914
Quote:
No thanks... a progressive city near us tried this and it was an unmitigated disaster and has cost taxpayers millions so a socialist response is not the way.
If the available competition is inadequate in the minds of citizens, then the answer is for citizens to provide the competition, not to allow exploitative companies like Aereo to cannibalize the rights of legitimate businesses.
__________________
bUU is offline   Reply With Quote
Old 11-27-2014, 05:31 PM   #140
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,423
Increasingly, the money is in data, not TV programming.

But the telecom lobbies have successfully bribed many state legislatures to prohibit municipalities from building network infrastructure, after some successfully built them, causing telecoms and MSPs to upgrade their infrastructure and become more price-competitive.
__________________

__________________
explanade is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Supreme Court turns down investor class-action lawsuits Nords Other topics 11 03-22-2006 08:46 PM
Roberts--supreme court nominee Martha Other topics 5 07-20-2005 05:14 PM
supreme court Martha Other topics 1 07-06-2005 09:01 PM
US Supreme Court -- Creditors Can't Seize IRAs intercst FIRE and Money 2 04-04-2005 01:53 PM

 

 
All times are GMT -6. The time now is 06:08 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.