News Broadcasting
India’s Network18 Standardizes on Grass Valley’s iTX Playout to Leverage Agile, Future-ready Operations
MUMBAI: Network18, one of India's largestmedia groups, has deployed Grass Valley'shighly flexible and scalable iTX integrated playout platformto underpin the transition to a standardized playout model across all its facilities. The solution was chosen for itsprovenfuture-proof features, andenables the Mumbai-based company to manage and operate multiple playout channels – across multiple platforms – with greater scalability, flexibility and efficiency.
Network18 operates a large mix of news and entertainment channelsin addition to multiple digital products of the biggest names in media, such as News18 Network, CNBC-TV18, CNN News18, Colors, MTV,Moneycontrol, Firstpost and Forbes India. To meet the needs of thefast changing and rapidly growing market, the organization needed an agile solution capable of handling large-scale integrated playout and over 25 formats and resolutions natively, from SD to 4K UHD, managing content natively as SDI baseband as well as IP, without additional transcoding. Grass Valley's iTX solutionis a highlyadvanced, integrated playout platform for broadcast television, deliveringIP/SDI flexibility and scalability for future readiness, along with end-to-end workflow tools for greater process automation and lower OPEX.
Rajat Nigam, Group Chief Technology officer, Network18 commented: "We at Network18constantly explore and evaluate newer technologies and solutions aligned with our business objective of value leadership. We look towards standardizing the technologies across our group and implement cost-effective solutions and workflows to meet the demand for real-time access to news and entertainment, anywhere, on any device, in the fast emerging digital world. Our system design has always adhered to the fundamental principles of flexibility, reliability and versatility that enables us to easilyadd more channels, deliver services to online and social platforms or support 4K UHDTV content compatible with today’s multi-platform distribution environment. Working with a technical partner that can provide the tools and expertise to meet these demands and deliver the flexibility, scalability and future-proofing we need to evolve our business is critical to getting the system that is right for us. Based on techno-commercial in-depth evaluation, we made the choice for the iTX system from Grass Valley.”
Grass Valley's iTX platform delivers anintuitive multipurpose operator interface that provides end-to-end workflow tools, such as file and lines ingest, asset management and preview functions. The Network 18 team gains all the functionality needed, from high-end graphics to subtitling, SCTE, and voice over (VO),in one flexible platform.Network18 also deployed GV IONstorage that ensures reliability across applications fromplayout tonews production.
Farzin Najmi, vice president, broadcast technology and operations, CNBC-TV18 added: "In a rapidly evolving market, tools that are robust, easy to deploy, intuitive and future-ready are essential to staying ahead of the curve.Working with partners that have the right expertise and technical know-how, both during integration phase and post commissioning support, is also critical, and we look forward to a long-term partnership of Network18 and Grass Valley."
Network18 has already gone live with more than 36channels with iTX, with full migration slated for completion by the end of 2020. This is part of a facility consolidation as all locations pan-India will be brought to a central location having standardized technology solution using iTX.
“Broadcasters increasingly have to address a wide range of digital OTT platforms in addition to traditional linear services,” said Somu Patil, vice president of sales, APAC, Grass Valley. “Our iTX solution is a workhorse for large-scale integrated playout, encompassing file/live IP/SDI playout, captioning/subtitling, audio processing and graphics branding. The system also enables Network18 to deliver services across multiple platforms without the need for separate encoding. We are proud to have expanded our partnership with Network18 and to help the company meet its business needs today and in the future.”
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.
