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With Bloomberg TV, Aereo takes the first step in truly disrupting the old pay TV business model

Originally posted on VentureBeat:

Aereo Bloomberg TV

IAC-backed television service Aereo recently announced that it’s reached a deal to bring the Bloomberg TV cable network to its lineup of available channels, according to a Wall Street Journal report.

Aereo lets New York City residents watch free, locally broadcast HDTV channels (from local affiliate stations for ABC, CBS, NBC, Fox, CW, and others) on smartphones, tablets, and desktop computers. Aereo uses a tiny HD antenna the size of a dime to pick up the broadcast signal for each of its users, which makes it legal in the eyes of the law — much to the outrage of major entertainment companies. There’s also a DVR in the mix that lets users record up to 40 hours of content that can be streamed later.

Aereo’s deal with Bloomberg is significant because it’s the first cable channel to come to the service. Also, if more cable channels — such as…

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A financial analyst by profession with a focus on value investing. Likes Benjamin Graham's investing style

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