News Broadcasting
ABP News Network CEO Ashok Venkatramani departs
MUMBAI: Even as the week was ending, came another shocking piece of news. Ashok Venkatramani, the CEO of ABP News Network (ANN) had quit and in fact had even served out his notice period with Friday (4 November 2016) being his last day at work.
A hardcore Hindustan Lever professional, Venkatramani was given charge of the network in 2008, when it was a 76:24 per cent joint venture Media Content and Communications Services (MCCS) between West Bengal based print media group ABP and Rupert Murdoch’s Star India. The joint venture launched three channels Star News, Star Ananda, and Star Majha, in the Hindi, Bengali and Marathi news space.
The two parted ways in 2012 as Star India wanted to focus on its entertainment and sports business under CEO Uday Shankar with ABP buying out the Star India stake. The parting agreement included the dropping of the Star name from the channels. Something which many thought would be detrimental for the ABP group in revenue terms.
Venkatramani had the responsibility of overseeing the rebranding of the channels to ABP News, ABP Ananda and ABP Majha. And he did that pretty effectively. Revenues not only stayed put, they also grew. Venkatramani, after some struggle with the ministry of information and broadcasting on getting a licence, also launched ABP Sanjha in July 2014. His efforts were recognized at 2016’s indiantelevision.com News Television (NT) Awards this earlier this year and he was inducted into the NT Awards Hall of Fame.
Venkatramani confirmed his departure to indiantelevision.com, saying that he was leaving for newer challenges. And he confirmed that he was being replaced by Atideb Sarkar (the son of ABP editor in chief Arup Sarkar). Not much is known about where Venkatramani is headed, but his deputy and the company’s COO Avinash Pandey appreciated his efforts in a comment to a media portal. As did the ABP managing director and CEO D. D. Purkayastha.
Venkatramani is currently the president and director on the Board of the News Broadcasters Association of India (NBA) and chairs its HR and sales sub-committees. He is also a former director of the Indian Broadcasting Foundation. Ashok is also a member of the Digitization Task Force appointed by the Indian government.
He is is a B. Tech from Bombay and has done his management post graduation from Indian Institute of Management Ahmedabad and Harvard Business School.
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Star, ABP announce divorce; Star News to be ABP News
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.
