News Broadcasting
Adhikari Brothers post net profit of Rs 65.7 million
MUMBAI: Sri Adhikari Brothers Television Networks Ltd has posted a marginally lower total income for the fourth quarter of fiscal 2005-06 at Rs 128.3 million compared to corresponding fourth quarter total income of Rs 138 million.
For fiscal year 2005-06 ending 31 March, the company reported a total income of Rs 414.8 million, gross profit of Rs 77.3 million and net profit of Rs 65.7 million, according to an official release.
The gross profit was higher by 284.47 per cent at Rs 31 million for the fourth quarter compared to previous year’s last quarter gross profit figure of Rs 10.9 million.
At the net profit levels, the company has posted a positive figure of Rs 20.3 million compared to previous year’s fourth quarter net loss of Rs 21.7 million. This translates into a basic earnings per share of Rs 0.44 on its equity shares with a face value of Rs 2 per share.
The earning per share (EPS) for fiscal 2006 translates to Rs 1.42 per share (face value: Rs 2).
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
