News Broadcasting
Pay channels fixed at Rs 5 each in CAS regime
MUMBAI: The Telecom Regulatory Authority of India (Trai) today set a common price on all pay channels directing that under the conditional access system (CAS) regime they will cost Rs 5 per channel per subscriber per month (excluding taxes).
The broadcast regulator has fixed the price of free-to-air (FTA) channels in the basic tier at Rs 77 (exclusive of taxes).
The regulator, which oversees the broadcast and telecom sectors, has fixed the costing for pay channels whether new or existing at Rs 5 making it mandatory to offer all pay channels on a la carte basis.
However, the broadcasters have been given the option to fix prices of individual pay channels, but within the prescribed ceiling. One of the salient features the regulator has highlighted is that the ‘minimum period of subscription of a pay channel has to be at least four months.
This tariff will come into effect from 31 December 2006 in Mumbai, Delhi and Kolkata.
Pertaining to the FTA channels, the price charged will be Rs 77 (exclusive of taxes) per subscriber/ month for a minimum of 30 channels. Additional FTA channels, if provided, also have to be accommodated within the above maximum amount.
Trai has ensured adequate commercial interoperability, which means that a consumer can easily exit the scheme whenever desired. The regulatory has drawn two schemes for supply of set top boxes by the MSO / cable operators to compulsorily provide as part of a standard tariff package:
a monthly rental of Rs 30 per digital set top box plus a refundable deposit of Rs 999 per box (refund will be made after deducting Rs 12.50 per month for use of the STB).
a monthly rental 45 per digital set top box (Rs 23 for analogue set top box) with a refundable deposit of Rs 250 per box (refund will be made after deducting Rs 3 per month for use of the STB).
The operators can offer alternative tariff packages in addition to the mandated standard tariff package, without any separate charges for installation, activation or reactivation, smart card viewing card and repair and maintenance (for five years) allowed. This salient aspect comes into force from 15 October 2006.
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.
