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Aereo is a service that allows subscribers to watch over-the-air television broadcasts in New York City. It is run by IAC. - Source: Wikipedia
Broadcast networks make many of their shows available on the Internet, but you usually have to wait at least a day after an episode airs on television. A subscription service called Aereo breaks those shackles and makes network programs available right away.
The Barry Diller-backed Internet company that challenged cable and satellite TV services by offering inexpensive live television online plans to expand beyond New York City this spring.

The Barry Diller-backed Internet company that challenged cable and satellite TV services by offering inexpensive live television online plans to expand beyond New York City this spring.
A startup company can continue to send live TV programming to iPhones and other mobile devices in the city despite objections from major broadcasters that say expansion can threaten the free broadcasting of events such as the Super Bowl, a judge ruled Wednesday.