• Bloomberg, Monday, July 16, 2012 3:30 PM

The Barry Diller-backed online television service Aereo, currently available only in New York, will be in "most major" markets within a year and a half, according to Diller, speaking at the annual Sun Valley meeting that draws many media moguls.

He was triumphant about last week's ruling that "could upend the economics of broadcast television," allowing Aereo to operate "while television networks pursue a copyright lawsuit against the company," write Edmund Lee and Jonathan Erlichman. “One of my friends at a large broadcaster said you succeeded in dropping my stock 2 percent,” Diller said.

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