News Broadcasting
After World Cup, its Rolling Stones for MAX
MUMBAI: After the cricket World Cup what? That’s been the question regarding MAX. Well the broadcaster has chosen one of the biggest names in the music business as its next big act. Rock music legends The Rolling Stones will visit India in April and MAX will air one of the concerts in Bangalore a month after it is performed.
Show promoters DNA Networks’ Venkat Vardhan said that two concerts would take place on 11 and 14 April. The first one is in Bangalore for which tickets will go on sale on 10 March. In fact today the whole of Asia tour is being announced in different countries. The Karnataka government has been most helpful and the company is trying to get the band to perform in Mumbai the next day, Vardhan said.
“Economically however this has to be made viable. Petitions have already been made to the Maharashtra government. We are pushing for a reduction in the 50 per cent entertainment tax. Other states charge between 15-20 per cent. Also the 50 per cent tax on sponsorship and on complimentary tickets given out must be abolished as this is blatantly unfair to the organiser. Fingers crossed things will work out but if not then Delhi and Kolkata are other alternative venues,” Venkat said.
SET CEO Kunal Dasgupta said: “When I was approached by Dilip Doshi to be the broadcast partner I did not think twice. After all I have spent a large part of my life getting “no satisfaction” and “Jumping Jack Flash”. Max will be the primary host and it is important to note that just two concerts worldwide from the Rolling Stones 2003 World Licks tour are being aired on television. The first one was the Madison Square Gardens event, which was televised by HBO in the US. The second one will be the Bangalore concert. After MAX the event will air on Sony. It might go to HBO or AXN later on depending on how much revenue can be generated, Dasgupta said.
“For all events we have different event producers but for this one I am going to be personally involved. I would say that this is the pinnacle of my career with Sony and we will be creating a promotional campaign using the network, which will create a new dimension to event marketing, Dasgupta added.
Dasgupta also tried to draw a link between cricket and the Rolling Stones. “Mick Jagger is a major cricket enthusiast and he co-promoted cricinfo.com before selling his stake to Satyam. I would like to point out that tickets for the Singapore concert have sold out in two hours and we expect a similar reaction to Mumbai. This band cuts across age groups, gender. Not everyone speaks English but everyone is aware of the Rolling Stones,” he said.
MAX business head Rajat Jain said, “We view this as a major event that doesn’t come around too often. We have bagged the rights to Devdas along with three or four other films. The trick to hooking viewers is how you push the smaller events and properties around the major ones. The Rolling Stones and The World Cup are major events. The CEAT Cricket Awards is a medium sized event. The Rolling Stones do not represent a shift in programming strategy whatsoever. We will continue to focus on events related to cricket and movies. Whether or not The Rolling Stones becomes one of the defining events of the year is for the viewer to decide.”
Venkat said McDowell No.1 is the title sponsor. There would be an opening act for both concerts but it is still to be decided whether this would be English or Hindi music. ” Nine to ten bands have approached me personally requesting me to give them a stage for such an important occasion. The finer details of the concerts like arrangements, ticket prices, promotional campaigns will be announced on Tuesday. As far as other events are concerned the Adnan Sami tour is taking place and we are trying to promote Indian music as well.”
Ex-cricketer Dilip Doshi, whose company it is that is promoting this event, said: “This represents a long time dream come true. The band has withstood all the problems associated with rock ‘n’ roll for 40 years. Mick Jagger has been a cricket fan for 30 years and has been wanting to come down to India for a while now. However due to logistical reasons this was not possible earlier. Jagger in fact visited India in 1996 for the World Cup semi final.”
An innovative promotional video was aired showing the excitement that the Rolling Stones create today whether the music lover is from Mexico or Holland.
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.
