Aereo, 'bleeding to death,' seeks emergency court help

CNBC.com reports that Aereo, the video streaming company that suspended service after the U.S. Supreme Court found it violated copyrights of television broadcasters, has urged a federal judge to let it operate like a cable system, saying it likely would not otherwise survive.

In a Thursday night filing with the U.S. District Court in Manhattan, the start-up backed by billionaire Barry Diller said it needed emergency help because it could not continue incurring “staggering costs” without having revenue come in, and required “some time” to make the necessary technological changes.

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