Barry Diller’s IAC takes write-down on Aereo

By on Jul, 31 2014 with Comments 0

AereoWhile streaming startup Aereo is still trying to figure out a new business model in the wake of its Supreme Court loss, its main investor, Barry Diller’s IAC, seems to be looking for an exit. IAC says it took a $66.6 million charge for “write-downs of certain investments,” including Aereo, which has raised around $100 million to date.

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About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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