Aereo Is 'Over Now,' Backer Barry Diller Says

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Diller adds that while the Supreme Court decision won't cause him a big financial loss, it is a blow to consumers.

June 25, 2014, 12:08 PM EDT / Updated June 25, 2014, 12:26 PM EDT / Source: CNBC

One of Aereo's key backers appears to have thrown in the towel on the online TV service now that the Supreme Court ruled that it violates copyright law. "We did try, but it's over now," Diller told CNBC's Becky Quick soon after the ruling. Diller said that while the decision wouldn't cause his company, IAC/InteractiveCorp, a large financial loss, the ruling was "a big loss for consumers." The court ruled that Aereo creates a public performance of content that is copyrighted by large media companies, such as broadcasters. NBC News' parent company, NBCUniversal, is among the broadcasting and cable companies that opposed Aereo on copyright claims before the Supreme Court.