I am using WD TV Live with a receiver (red, yellow, white inputs) and a regular CRT TV. Firmware: 1.05.18 (up to date).
The menu text and the clock are difficult to read; it looks like the resolution is off. However, when I’m watching subtitled Netflix movies, that text is fine.
Video Output- Composite NTSC
Aspect Ratio- Normal
HDM CEC- Off
Screen Size Calibration- 95% (changing it doesn’t affect text readability)