All of the interest in Aereo is warranted. Travel back to 2005 and think how cool it would be to watch live TV – from the NFL to “Grey’s Anatomy” – on a tablet-size screen at the beach. The cost? As little as $1 a day or $8 a month.

If the Aereo reality is no longer as breakthrough, consider it has backers and enemies with some pretty big heft. With the encouragement of Barry Diller, who’s been a step ahead many times, IAC has invested heavily in the venture. And, the Big Four broadcasters are engaged in litigation looking to shut it down, believing its live streams of their stations will cost them carriage payments and ad dollars. [Read More…]