News Broadcasting
Mobile ESPN subscription service launched
NEW DELHI: It’s in, it’s happening, but will it deliver on the monies? Sports broadcaster ESPN Star Sports today announced the launch of Mobile ESPN, marking its entry into the mobile value added services (VAS) domain in India.
The sports TV major sought glory at a press conference here today as the first out of the door in this field with its service, which kicks off from 15 November.
The Indian mandarins of the company were, however, taken by surprise when asked how they could claim a projected success, when the same service had to be withdrawn in the US. Mobile ESPN was launched in February with a huge promotional campaign but was disbanded within six months. Though the service was viewed as a technological success, it never caught on with consumers, who were apparently unwilling to pay a $10 to $50 premium to get highlights, fantasy sports alerts and even live games on ESPN-branded phones.
ESPN India MD RC Venkateish explained, “There (in the US) the business model was different. However, we see huge potential in the mobile arena here as the leading sports broadcaster.”
There was also some discomfort at the pitch over the rights issue — whether information of cricket, for example, being provided by ESPN Mobile could clash with rights holders like the Board for Control of Cricket in India?
Sricharan Iyengar, ESPN India vice-president (sales and marketing) and head of emerging technologies, responded to a question on how the rights issue would affect them, saying that they were presently in a “rights-agnostic” situation.
Venkateish added that they were news service providers and “no on can black out news”. He pointed out that most TV news channels were showing match reports anyway, without anyone coming in their way.
As of now, ESPN Mobile promises to launch a three-pipe outlet, with news, statistics, pre- and post-match analysis and what have you on all sports, from cricket to tennis to F1 to ice hockey through the mobile phone, Internet (through its website espnmobile.in) and TV.
Venkateish described the present TV-only scenario as the one-pipe outlet.
Sports fans will be delighted, said Iyengar, with the “360 degree” coverage of sports in all possible formats, voice, video, text, SMS and games.
Mobile ESPN services can be availed by dialling 505-ESPN (3776) on the phone or by sending an SMS to (ESPN) 3776, which will be the ESPN short code nationally. On entering the voice portal, consumers can select from a module comprising sections such as Welcome and user navigation; Cricket; Football; Sports center; and New Super Selector.
The price range is attractive, with monthly packages scaling between Rs 50 to RS 99, with the higher-end providing all possible services, including video.
Venkateish foresees a sea change in the media over the next five years, with the expected number of mobile phone users climbing by 30 per cent over the present 100 million, and ESPN has clearly pegged its business plan on the amazing growth in mobile connections across the country.
His punchline was, “We don’t want work to come in the way of sports.”
The company is working to optimise delivery through various service providers on the mobile networks, Iyengar said.
“The voice service has been specially developed for India,” he said, adding, “this will give an hour-by-hour update.
The voice news service was more satisfactory, with crisp info on the latest sports events being packed into a short 1.20 minute take. “We are aware that the user is paying Rs 6 per minute for getting the news and have developed the programme to give him the maximum.”
So far as a business plan was concerned, the two spoke of seamless integration and an advertising model being built in.
“Once we have built up a substantial subscriber base, we can also explore advertising on the service,” Venkateish said.
The service, which is a presentation of the ESPN Star Sports joint venture, will be hyped on and off air and will see approximately Rs 400 million spent on marketing activities.
The service of ESPN mobile will start off with English, then Hindi (in the first quarter of 2007), to be followed by other Indian languages subsequently.
Gaming software is also being developed for subscribers of the service, according to Iyengar.
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.
