Will Aereo Threaten Broadcasters and Their Owners?

By Steve Birenberg  APR 04, 2013 4:06 PM

Broadcast owners charge for the retransmission rights to TV network signals, but Aereo grabs those signals over the air and redistributes them -- without paying anyone.


Positions in CBS, CMCSK, NWSA, IACI, and DIS.

Entermedia is a long/short equity hedge fund focused on media, communic= ations, and related technologies. Steve Birenberg is co-portfolio manager o= f Entermedia, owns a stake in the Funds' investment management compan= y, and has personal monies invested in the Funds. CBS and Discovery Communi= cations are widely held by Northlake Capital Management, LLC, including in = Steve Birenberg's personal accounts. Steve is sole proprietor of Nort= hlake, a long only registered investment advisor.

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