News Broadcasting
BIS puts off decision on STBs for DTH
NEW DELHI: If the availability of set-top boxes (STBs) is one of the speed breakers to a smooth passage of implementation of conditional access system in the country, the same issue has become contentious in the case of KU-band direct-to-home television service too.
After a meeting on specifications of STBs for DTH yesterday here at the Bureau of Indian Standards (BIS), it seems BIS would not like to take a definite stand and is likely to put the ball back in the information and broadcasting ministry’s court to take a final shot at the issue.
The task force of the BIS, set up to discuss the specifications of the STBs for DTH, yesterday failed to arrive at any sort of consensus as the Star/Space TV representative maintained that interoperability is not a workable model, while the others, including the Subhash Chandra-promoted ASC Enterprises, opined it is technically possible.
According to sources in the BIS, it has now been decided to collate the feedback on STBs for a month, including on whether interoperability is possible or not, from all stakeholders and pass it on to the ministry for “guidance and advice.”
The dilemma of BIS is clear: it cannot come out in the open and say outright that interoperability or open architecture is not possible. Because it is. What it does is that the costs of STBs go up and, more importantly, there is no guarantee of the boxes being hack-proof.
Yesterday’s meeting was attended, amongst others, by Star India, NDS (a News Corp company that has the technology for DTH and even CAS), Doordarshan, ASC Enterprises, CETMA and Siti Cable.
Earlier this month, BIS had decided to form a task force to come up with recommendations on the specifications of set-top boxes for DTH. Star then also had said that interoperability, as suggested in the government guidelines, is not a workable model.
What is making the work of task force – that has to come up with its recommendations for the main committee of the BIS – difficult is the fact that BIS’ viewpoint was that it has to operate within the broad framework of the policy guidelines which states that for KU-band DTH service, an open architecture has to be followed.
Star’s stand has been that if in open architecture the government insists upon STB, then it would make the STB expensive and difficult for a would-be service provider to subsidise the boxes as exclusivity and captive consumers would not be assured.
Thomson India and CETMA, the apex body of consumer electronics goods manufacturers in India, supported the stand of Star, said to be represented by the Mumbai-based head of the company’s DTH operations in India. The information and broadcasting ministry had referred to the BIS the issue of specifications for STBs for DTH last year.
What does the government mean by an open architecture? In layman’s language, it means that if a consumer buys a STB for a KU-band DTH service in India, then the STB should be capable of working if the smart card of another DTH service provider is inserted in it. This theory is based on the presumption that there would be several DTH service providers in India, though globally this sector works best with monopoly or at best a duopoly.
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.
