Another television network has joined the broadcaster backlash following last week's court decision upholding Internet TV company Aereo's right to stream broadcast TV without paying retransmission fees.
Like rival Fox TV, CBS, the parent company of CNET, is considering alternative ways to monetize its television content in the face of Aereo's service, including cutting off broadcast signals in favor of a subscription-only model, The New York Times reported today. The revelation comes a day after Chase Carey, chief operations officer of News Corp., indicated that Fox would change its business model to ensure it gets paid for TV content it produces.
"We need the dual revenue stream model of retransmission fees and advertising to sustain our business," Carey said yesterday at National Association of Broadcasters' annual trade show in Las Vegas. "We will pursue our rights fully both legally and politically to protect our rights. But if we can't get our rights protected, we will pursue business solutions to take our network and turn it into a subscription service."
Read more at CNET.