Filing for bankruptcy was supposed to protect Aereo Inc. from broadcasters that killed the TV-streaming company's business after years of litigation. Instead, it has only intensified the fighting, Dow Jones Daily Bankruptcy Review reported today. Aereo, which allowed users to watch and record broadcast TV through the Internet, halted its services in June after the U.S. Supreme Court determined the company was unlawfully exploiting the copyrighted works of major broadcasters without permission or payment. Aereo is down to 12 employees and $3.6 million in cash, an amount it hopes will last long enough to pull off some kind of sale.
