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C†R Media swings to loss in Q1

CÜR Media Inc. said its normalized net income for the first quarter amounted to a loss of 26 cents per share, compared with 17 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $628,890, compared with income of $340,990 in the year-earlier period.

Reported net income totaled a loss of $1.0 million, or a loss of 41 cents per share, compared to income of $548,510, or 27 cents per share, in the year-earlier period.