News Broadcasting
MIH Group appoints Ashish Kashyap as CEO of India ops
MUMBAI: MIH, part of the multinational media group Naspers Limited, has appointed Ashish Kashyap as the CEO of MIH’s internet operations in India.
As the overall head for the company’s operations in India, Kashyap will be responsible for creating an organisation focused on building and operating cutting edge internet and mobile applications, unleashing consumer internet brands and also investing in start up businesses in the Indian online and digital space.
Kashyap has over 12 years of experience spanning internet, television and radio businesses. Prior to joining MIH-Internet, Kashyap was the country head of Google India (Domestic Operations), wherein he set up the company’s India facing business from scratch. Before joining Google, Kashyap, was the general manager e-commerce at Indiatimes.com, where he was responsible for creating numerous innovations such as airline ticket auctions and tell your price amongst others. Kashyap also has had successful stints at MTV and Times FM.
MIH Internet (India) head of investments Craig White said, “MIH operates in over 50 countries worldwide wherein we are market leaders. The Indian internet and mobile businesses represent one of the largest global opportunities for us. We see the opportunity from two prisms. First, building unique internet applications and second, investing and seeding entrepreneurial debuts. Ashish brings with him a wealth of industry experience especially in the internet business that will help us set a strong foundation in this dynamic market.”
“I continue to be passionate about innovating and creating disruptive consumer applications in the internet and mobile space – products and services that would make lives simpler and exciting for the Indian consumer. I am excited to join MIH’s internet business in India at a very interesting time, wherein there is a clear market opportunity on one hand and a very aggressive mandate from MIH in India on the other. I am confident I will be able to fulfil my passions and at the same time drive value for all the stake holders,” added Kashyap.
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.
