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Aereo Will Shut Down Service at 11:30 AM EST Today

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In a blog post published just this morning, Aereo CEO Chet Kanojia announced that the streaming cloud-based TV service will go dark at 11:30 AM EST today. The move responds to this week's Supreme Court decision that called Aereo's particular type of service illegal. The fight's not over, but Aereo's defeat is a crushing defeat for cord cutters. Here's why.