Will anyone care (or even notice) if Fox network pulls its channels off of broadcast TV and goes to cable only?

This is kind of funny.

There’s a new device, called an Aereo, which acts as an array of TV antennas and picks up broadcast TV, saves programming to a set of DVRs, and lets Aereo subscribers watch the network shows at their own desired time. Sort of what a DVR does but broadcast channels for people who don’t have DVRs and do have the internet.

Well, the Fox Network is pissed off. They sued Aereo (and lost the preliminary round) with the allegation that using antennas and pseudo-DVRs is in some way breaking their rights as a copyright owner. But like I said, they lost in court last week.

So yesterday, the CEO of Fox warned that if Aereo was considered legal, that Fox would pull all of its channels off of broadcast TV and go to cable only.

Would anyone notice?
Would anyone care?
Would this be commercial suicide?
Would any sane CEO throw away a lucrative outlet for business?

My opinion: this is part of the death struggle in the war between content providers and new technologies. Technology seems to be winning, slowly but surely.