U.S. Markets close in 2 hrs 53 mins

Aereo, backed by Diller, raised additional $34M, Reuters reports

Aereo Inc, the Barry Diller-backed online TV venture facing a legal fight from four major broadcasters said it raised $34M from its new round of financing, reports Reuters. Walt Disney Co.'s (DIS) ABC network, CBS Broadcasting (CBS) Comcast Corp.'s (CMCSA) NBCUniversal, and Fox Television Stations (FOXA) claim Aereo's streaming service violates copyrights.