Aereo, the upstart television technology that aimed to take on cable, revealed today that they are officially shutting down operations. The company announced that effective November 12, the company is shuttering its Boston office and laying off its 43 local employees (while others will stay until the operations officially close).
In a letter to its employees, the company said:
“In accordance with the Federal Worker Adjustment and Retraining Notification Act (the “WARN Act”), this notice is to advise you that on November 12, 2014, Aereo, Inc. (“Aereo”) will be permanently shutting down its operations.”
The company had been battling to stay alive after a series of court decisions that went in favor of existing cable providers who had claimed that the company’s live-TV-on-the-Web services violated copyright laws. The company cited an October 23 federal court injunction that barred Aereo from transmitting live television as the death knell that pushed possible investors away from helping sustain the company. “It is now clear, that at this time we are unable to obtain additional funding that would prevent the need to close our operations,” the letter to employees stated.
Aereo’s Virginia Lam released a statement saying:
In an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York. We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company.
We decline to comment further.”
While the company claims to continue to push on, with no funding and pretty much no staff, this appears to be the end for Aereo.
The document the company sent to the State confirming the closing is posted below.