News Broadcasting
Joyce Yeung is BBC Worldwide global TV sales senior VP Asia
MUMBAI: BBC Worldwide has appointed Joyce Yeung to the newly created role of senior VP for global TV sales in Asia. She joins next year.
Currently Sparrowhawk Media VP sales and business development Asia Pacific, Yeung will lead BBC Worldwide’s content distribution activity across television, DVD and digital platforms, as well as licensing.
The move reflects an increasing focus on the region for BBC Worldwide’s global TV sales division with ambitions to build on its successful programme distribution business and expand on growing digital and local production opportunities.
BBC Worldwide MD global TV sales Steve Macallister said, “Asia is core to our growth plans. With an established team achieving strong distribution sales, we are well placed to take our Global Sales business to a new level of competition and commitment.
“Bringing Joyce into our senior management team and tapping into her formidable strengths in the region are pivotal steps in raising our Asian profile and driving our business forward.”
Yeung says, “It’s very exciting to be joining BBC Worldwide at a time of new expansion in the region. The vast extent of BBC Worldwide’s content is unrivalled, and I am really looking forward to working with the team to steer the business to new levels.”
Yeung will be based in BBC Worldwide’s Hong Kong office but will also oversee the Toyko sales team. She will lead an overall sales force of 24, supported by the Asian management team comprising Katsuhiko Waza in Tokyo, and Pierre Cheung, Linfield Ng, Maggie Wong and Helen Wong in Hong Kong.
Yeung is BBC Worldwide’s second SVP appointment in the region, working alongside senior VP Asia Pacific for Global Channels, Christine Leo-McKerrow.
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.
