A federal judge in Washington late Tuesday rejected FilmOn X's request to modify her injunction banning the company from operating in 47 states.

Yahoo on Tuesday reported third-quarter revenue that was roughly flat from a year ago, reflecting continued weakness in its display ad business. The $1.081 billion in revenue, excluding payments made to partners, was just a shade below the 1.089 from a year ago. The Web giant posted an adjusted profit in the quarter was $358 million, up 24% from a year ago. Yahoo had adjusted earnings per share of 34 cents for the quarter, compared to 39 cents, a year ago. Wall Street analysts on average had forecast earnings per share of 33 cents on revenue of 1.08 billion …

A new Juniper Research report predicts big gains for the nascent wearable devices market in the coming years. From $1.4 billion in revenue this year, the research firm projects sales of wearable technology like smart watches and glasses will jump to $19 billion by 2018. Given the less than stellar reviews for Samsung’s Galaxy Gear watch last month and  uncertain demand for the high-priced items in this category, the Juniper forecast looks a tad optimistic. But the firm expects high price points, combined with strong demand, will lead to sharp growth in the next five years. Changes in the …

Pre-tax merger expenses for the period totaled $28.1 million

The Mobile Marketing Association on Monday announced Millennial Media CEO Paul Palmieri was appointed as chair of the trade group’s global board of directors. He succeeds Cameron Clayton, president, digital group, at The Weather Company. The MMA also elected four new members to its global board: John Costello, president, global marketing & innovation, Dunkin’ Brands, and Marc Speichert, CMO, L’Oreal USA; Robert Tas, managing director, head of digital marketing, JP Morgan Chase; and Wanda Young, VP, media & digital marketing, Walmart. New and reelected members of the MMA North America board of directors include Edward Kaczmarek, director of …

A recent pro-Aereo ruling by a federal appellate court is "threatening the very fundamentals of broadcast television," a coalition of TV broadcasters argue in a petition filed on Friday with the Supreme Court.

AT&T is shutting down the online and mobile ad network business operated within its AdWorks division. The telecom giant launched the unit in 2011 with the aim of expanding its targeted advertising business but has been forced to scale back after failing to compete with entrenched players in that arena including Google and Facebook. Instead, AdWorks will focus on advertising within its owned and operated properties, including U-verse TV. AT&T confirmed to Business Insider, which first reported on the company ending its ad network experiment, that it would be cutting staff at AdWorks in relation to the shift but …