News Broadcasting
Tom Cruise, Paramount Pictures to part ways
MUMBAI: Paramount Pictures and actor Tom Cruise are set for a bitter break up of their 14-year old association. The decision was revealed by Viacom Inc. Chairman Sumner Redstone, when he told the Wall Street Journal, “As much as we like him personally, we thought it was wrong to renew his deal.”
Reportedly, the Viacom chief was hinting at the movie star’s off-screen behaviour. The actor’s camp has taken strong offence of Redstone’s comments as Paula Wagner, Cruise’ longtime partner in his movie company Cruise/Wagner Productions, termed the outburst “offensive” and “undignified.”
“Whatever remarks Redstone would make about Tom Cruise personally or as an actor have no bearing on what this business issue is. There must be another agenda that the studio has in mind to take one of their greatest assets and malign him this way,” Wagner has been quoted in a Reuters report.
As reported, five Cruise starrers co-produced by Cruise/Wagner Productions — these include the Mission: Impossible series — have generated theatrical revenues totalling over $2 billion (1 billion pounds) worldwide during the past decade. Wagner claimed that Cruise-starrers accounted for about 15 per cent of the studio’s overall box office gross over that period.
Wagner has also been quoted as saying that she and Cruise chose to leave the Paramount lot and establish a new venture financed through a private equity fund of $100 million.
The Los Angeles Times had earlier reported on Paramount’s intention to slash the amount of money the studio pays for the production company. Paramount wanted Cruise/Wagner to cut the remuneration from $10 million to $2 million a year, it said.
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.
