By Ian Bush

By Ian Bush

PHILADELPHIA (CBS) – Comcast and Verizon are getting some competition in Philadelphia. It’s a low-cost, online service that might make some people think about cutting the cable.

For $8 a month, wherever you have an Internet connection.

“You can get free-to-air television, all your major networks.”

All in HD, says Aereo CEO Chet Kanojia. And it includes a DVR:

“You have to buy no box, everything is done for you in the cloud.”

There aren’t any cable channels, so you’ll miss out on ESPN and some other sports and entertainment networks.

“ABC, NBC, CBS, FOX, PBS. It will not have any cable channels, with the exception of Bloomberg TV, which has partnered with us.”

But Kanojia says Aereo is for those who are used to watching shows on services like Netflix and Hulu; this brings ‘live’ to your laptop, tablet, or TV:

“There’s a whole new generation of people coming into the market that never really take the cable cord just because it’s so expensive. People have student loans, they got their first job, or they’re sharing an apartment, and nobody wants a $200 bill.”

Aereo should be available in Philly this spring or summer.