News Broadcasting
Aaj Tak-Cobrapost sting puts MPs in the dock
MUMBAI: The “S” word is back in the news. Thankfully though, this latest sting has no sex and sleaze quotient but purports to expose corruption in the country’s polity. A sting operation by Sabse Tez channel Aaj Tak and investigative portal Cobrapost.com telecast today shows 11 MPs on camera allegedly accepting cash for asking questions in Parliament.
The operation code named ‘Operation Duryodhana’ has been termed the “money-for-questions scam” and involved an investigation by Cobrapost.com that stretched over eight months between April and November and included 56 video and 70 audiotapes besides recording more than 900 phone calls.
11 MPs were caught on camera taking bribes from a Cobrapost.com journalists posing as representatives of a fictitious organisation called the North Indian Small Manufacturer’s Association (Nisma).
Says Cobrapost.com editor Aniruddha Bahal: “Operation Duryodhan began with a column I wrote for a newspaper on 20 March (earlier this year). I had expressed consternation at the casting couch series done by a news channel arguing that voyeuristic exercises would blur the public interest element and give the Government an excuse to frame some guidelines. Thereafter I went on to suggest some story ideas for the channel.”
“One of the ideas dealt with the issue of how questions really get asked in Parliament. Apart from the seriousness, it would also generate good humour to watch an MP ask – Why was Gorilla International blacklisted by the Railway Ministry inspite of having bid the lowest for Tsu Tsu Diesel engines,” says Bahal.
He further adds: “I received a notice from the Lok Sabha Secretariat (Privileges and Ethics branch) asking me to respond immediately to the allegation I had made. I sent a letter to speaker Somnath Chatterjee that I had not commented upon actual happenings in the Parliament but they were mere story ideas. At the same time I decided to start the probe. Thus Operation Duryodhan was born.”
Aaj Tak news director QW Naqvi adds: “As a channel our commitment has always been to expose the inherent irregularities in the system. Partnering with Cobrapost for this special investigation is a step towards demonstrating our commitment towards the faith reposed in us by our viewers.”
Following the expose of Operation Duryodhana, the various parties concerned had already initiated proceedings against their respective members caught on hidden-camera.
Meanwhile, Rajya Sabha chairman Bhairon Singh Shekhawat announced that the whole matter would be referred to the Ethics Committee of the House.
When quizzed on what will be the fallout of the expose and whether it would get entangled in political gimmicks, Naqvi says: “It is truly unfair to expect an overnight change. Political and social change is a slow process and exposes of these kinds are merely to bring about awareness amongst people.”
This indeed reminds of the Tehelka’s sting operation — Operation West End, the expose on politicians and army officers taking bribes from undercover journalists posing as businessmen.
At present, almost all television news channels routinely use spy cameras to expose corruption in society. Recently, the advocate general of Jammu and Kashmir Anil Sethi, had resigned after he was allegedly caught on camera taking a bribe. A CD made available to NDTV appears to show Sethi demanding Rs 1.5 million from a contractor Mushtaq Ahmed Ganei. Sethi admitted on camera that he had received Rs 500,000 as a bribe and wanted Rs 1.5 million more to bail out a contractor trapped in the rural electrification scam.
In the past, Aaj Tak had undertaken a few sting operations, including Ghoos Mahal and on the former first runner-up in Miss India 2004 Laxmi Pandit’s marital status.
Aaj Tak claimed that Pandit was married to aspiring model Siddharth Mishra but had hidden her marital status in order to gain entry to the contest. She was declared first runner-up in Miss India 2004 and had to return the crown after the expose.
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.
