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WRIT Media fiscal Q3 loss narrows YOY

WRIT Media Group Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 3 cents per share, compared with a loss of 79 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $75,040, compared with a loss of $133,030 in the prior-year period.

Reported net income came to a loss of $116,410, or a loss of 5 cents per share, compared to a loss of $213,250, or a loss of $1.26 per share, in the year-earlier period.