Aereo? No Worries, Says Sinclair's Smith
What with all the recent wheeling and dealing, David Smith, Sinclair Broadcasting's president-CEO has a lot on his mind.
One thing that's not worrying him, however, is the threat from Aereo, the $12-a-month broadcast television streaming service that Barry Diller is heading.
During a conference call with analysts on Sinclair's $373.3 million purchase of Fisher Communications, Smith said people may have misunderstood Fox and Univision's threat to take their programming directly to cable and cut Aereo out of the loop.
"The notion they would go to cable means they would go to cable through us," Smith said. "We would substitute other programming in primetime and in dayparts as we see fit to be competitive with Aereo .... It means we would change our cable content versus our over-the-air content."
Noting that "there's nothing proprietary about [Aereo's] technology," Smith said that if it appeared to be a viable business, broadcasters could step up and do it on their own.
"I have no concern about Aereo whatsoever," Smith said.