News Broadcasting
BBC Worldwide signs deal with Australia’s Seven Network
MUMBAI: BBC Worldwide Australasia has concluded a new deal with the Seven Network in Australia to license Michael Palin’s new travel series Palin’s New Europe. In addition, a raft of drama and factual programming has been acquired by broadcasters in New Zealand, through agreements signed in the run up to MIPCOM. Palin’s New Europe which will air on BBC One in the UK next year, follows the ex-Python as he explores 21 countries such as Bosnia, Albania, Moldova and Macedonia. BBC Worldwide Australasia’s sales manager Amber Knight says, “Michael Palin has that rare combination of integrity, wit and bravery which makes all his programs such hits. We are very excited to be bringing this program to Seven.” Seven Network’s director of programming and production Tim Worner says, “Australians are renowned travellers – as a youngster it is a virtual rite of passage and you always seem to bump into fellow Australians in the most far flung locations. Michael Palin captures that spirit in his very own way and we at Seven look forward to being able to have him take Australian audiences to places they have never been before. “Palin is the pre-eminent television travel communicator of his time – in his company you do not just see; you taste, you smell, you experience. And, above all, he makes it fun – that’s why we’re proud he’s coming to Seven.” A package of returning series has been licensed to New Zealand’s TVNZ including key titles from Kudos productions such as Hustle Series 4, and Life on Mars Series 2. TV One has taken series two of Clerkenwell Films’ Afterlife, as well as Hotel Babylon (Carnival Films), Waterloo Road (Shed Productions) and Bodies (Hat Trick Productions).
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.
