The Supreme Court has just ruled against Aereo 6-3, reversing the Second Circuit's opinion that Aereo's system of rebroadcasting television over the internet was permitted under the Copyright Act and basically killing Aereo's business model. Breyer wrote the opinion, Scalia, Thomas and Alito dissented. More soon.

Today the Supreme Court will hear arguments in American Broadcasting Companies v. Aereo. It is a case which reportedly has entertainment industry executives wearing out their Xanax prescriptions, as they contemplate the destruction of the entire economic foundation of the television industry. The press keeps repeating statements like that, anyway.