Aereo Settles $99M Copyright Claim for $950,000

Aereo Inc. agreed to pay CBS Corp. and other broadcasters a total of $950,000 to resolve copyright claims totaling more than $99 million as the online-TV service backed by Barry Diller seeks to wind down in Chapter 11.The deal to pay less than a penny on the dollar would resolve all litigation between the companies, including Aereo’s lawsuit accusing the broadcasters of intentionally botching its asset auction, according to a filing Monday in federal bankruptcy court in Manhattan.