Description:Many consumers, facing high cable bills, are looking to cut the cord, dumping traditional cable for some other way to get their favorite shows. Enter Aereo, a new online tv service launching in New York City backed by billionaire Barry Diller's IAC/Interactive Corp. For $12 a month, Aereo beams live TV captured in the airwaves from major broadcast networks to online subscribers with Macs and iOs devices. CNET senior editor, Matthew Moskoviciak has been testing it out.(2:05)