CBS Chief Says Aereo Win Wouldn't Harm Bottom Line

Law360, New York (February 13, 2014, 6:19 PM EST) -- CBS Corp. chief executive Leslie Moonves told investors Wednesday that a U.S. Supreme Court ruling in favor of Aereo Inc. would have no effect on the company’s financial picture, a surprising take from a company that’s been fighting for two years to shutter the controversial streaming service.

In asking the high court to shut down Aereo, which uses a novel system of tiny antennae to avoid paying for programming, the broadcasters have warned that cable and satellite companies could create their own copycat systems to avoid...
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