News Broadcasting
Fox News elevates Clemente, Moody
MUMBAI: US news broadcaster Fox News has elevated two executives in the network’s hard news division. Michael Clemente has been promoted to EVP of News Editorial and John Moody, currently the CEO of Newscore, will return to Fox News as executive editor and executive vice president.
Both executives will report directly to Fox News Chairman & CEO Roger Ailes.
Newscore, a news service that allows worldwide editorial properties to share content and resources across all News Corp entities, will now be absorbed into the day to day operations of Fox News.
Ailes said, “As our fiscal year comes to a close, I’ve determined that Newscore will operate more efficiently and effectively inside Fox News. This move will strengthen our overall news gathering capabilities and enable us to operate at an even higher level.”
Clemente will continue to run day to day operations for the entire news division while Moody will operate as a senior adviser to Ailes on all editorial matters. Moody will also serve as the executive editor of foxnews.com and oversee all news related digital assets.
Ailes said, “John’s extensive experience in news for the past several decades both in television and in print remain unmatched in the industry. John helped us become the number one news network and I look forward to working closely with him again.”
Ailes further noted, “Michael Clemente is one of the most seasoned television news executives in the business. He continues to have the mindset of both a journalist and the instincts of a television programmer which have served the network very well during his tenure.”
Prior to his role with Newscore, Moody served as the EVP, News Editorial of Fox News where he was responsible for all editorial direction and story content for 13 years. Before this, he spent more than a decade at Time Magazine as both a writer and bureau chief.
Clemente joined Fox News in February of 2009 as the senior Vice President of News Editorial and has overseen all news operations and news editorial for the network, including the notable political coverage of the current election season.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
