The big question facing the U.S. Supreme Court this week: is Aereo Inc. legal? Thirty years ago, big media companies failed to convince the court of the threat posed by home video recordings. Now they're back, and trying to rein in a different innovation. Aereo, a start-up company, came up with the clever idea of taking free TV signals from the airwaves and sending them over the Internet to paying subscribers in about a dozen cities. Consumers pay $8 to $12 a month to "rent" antennas online. Broadcast companies are suing because, unlike cable and satellite firms, Aereo doesn't pay them a dime. But several lower courts have sided with Aereo. ABC, a division of the Walt Disney Co., is among the plaintiffs.
Corporate earnings are certain to sway the stock market this week. Apple, Microsoft and Facebook are among about 130 big names to announce quarterly results. If sales and profits come in better than expected, the stock market may be pushed higher. If not,Read More »from TV's Future Might Ride on Supreme Court Aereo Ruling