News Broadcasting
NBA Content Code put in cold storage
NEW DELHI: The proposed Code of Content drafted by news broadcasters in retaliation to the government’s attempt to ‘curb press freedom’ through the latter’s Content Code is gathering dust, with no one in the news TV industry interested in talking about it.
“There is no forward movement and nothing is likely in the short run, that is for sure,” said a senior editor who also revealed that the draft that had been placed for the consideration of all news channels is mundane and routine: “there’s nothing that can be talked about”, the source said.
Arnav Goswami, Editor of “Times Now” channel had been given the task – on behalf of the News Broadcasters Association (NBA) of developing a draft Code of Content, with specifics about what would be penalties and who would impose them, but not much of that has found place in the draft, sources said.
The NBA, which has been closely guarded on the issue of their own draft from the beginning, had also decided to rope in news broadcasters beyond the periphery of Delhi and Mumbai based channels to give their proposed Code a national character, but so far this process too has not take off.
“We shall place a Code with the government,” said the source. “But that will take a long time, and the government playing on the back foot and the prime minister almost supporting our cause by asking the ministry to go slow, has given us the opportunity.”
Sources in the industry say that the news TV channels are not at all seriously inclined towards any Code, and the mandarins are not sure they will ever be able to come to a consensus on the Code the industry itself is developing.
“In a situation where every editor is an intellectual in his own right and with their own egos to serve, it is practically impossible to have a commonly acceptable Code, for each one is going to haggle over every word, all in the name of protecting the rights of the press,” a senior broadcast lawyer told Indiantelevision.com.
Officially, NBA is not speaking at all, insisting that this is not in the public domain. A senior executive in a broadcasting cmpany said that discussions are going on and “may be in three or four months time this will bear fruit”.
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.
