Judge: Aereo can rebroadcast

Investor's Business Daily

The startup that sends broadcasters' over-the-air TV to Internet-connected devices can continue while the legal case moves forward, a federal judge ruled. It was a victory for Aereo backers, including media mogul Barry Diller's IAC/InterActiveCorp (IACI). Shares of Walt Disney (DIS), Comcast (CMCSA) and News Corp. (NSWA) — all of which sought to halt Aereo — fell.

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