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Court may turn off Aereo TV

The startup Aereo, backed by IAC/InterActiveCorp (IACI), will likely lose a suit brought by major broadcasters seeking to shut down its online TV service in New York City, Guggenheim Securities predicted. CBS (CBS), Comcast's (CMCSA) NBC, Walt Disney's (DIS) ABC and News Corp.'s (NWS) Fox have accused Aereo of copyright violations. Aereo won a lower court ruling, but Guggenheim thinks the U.S. Court of Appeals for the Second Circuit will rule in Feb. against Aereo.