A Look At Aereo: The Live Internet TV That's Scaring The Pants Off Broadcasters

Aereo is a service that let's you watch live television broadcasts via the Internet for $8 a month.

Broadcasters like CBS and Fox are not happy about Aereo.

They've been suing the three-year-old startup, which is backed by billionaire media mogul Barry Diller, so far to no avail.

In the meantime, Aereo has expanded its service to more cities nationwide. It's available in Atlanta, Boston, Detroit, New York, Dallas, Houston, Denver, Miami, Salt Lake City, with plans to soon be in about 20 cities.

Aereo works by letting you stream live network TV (ABC, NBC, PBS, Fox, etc.) to your computer, tablet, or smartphone. You can also use it to record shows in a virtual DVR and watch them later.