Barry Diller Wants To ?Transform Television? With Aereo, A DVR In The Cloud

Barry Diller always enjoys riling the media industry from which he sprang. A few minutes ago at a press conference at IAC headquarters in New York City, Diller introduced a new startup IAC is backing called Aereo that is building a DVR in the cloud that broadcasts live TV to your iPad, computer, or TV. ?Diller has always believed that Internet TV would be a healthy counterweight to "media concentration" as media companies increasingly want "to protect that closed system." The problem with Internet TV so far, says Diller, is that "there wasn't a lot to watch" other than "cats swinging from chandeliers."

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