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Streaming television startup Aereo has filed for bankruptcy, putting the company in a position to wind down its operations.

Aereo announced on Friday that it has filed Chapter 11 bankruptcy protection, a move that is typically expensive and allows for the company to restructure its debt. While filing for bankruptcy does not necessarily mean the end of the business, CEO Chet Kanojia struck a tone in a statement on Aereo’s website that insinuated the company was done:
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