News Broadcasting
Ahead of deadline, 41 TV channels apply for downlinking in India
NEW DELHI: Talk about cutting it close. With just a day remaining (10 May 5:00 pm to be exact) for the deadline to adhere to downlink norms, 41 television channels have applied for registration in India.
“Around 40 channels have submitted their applications for registration in India,” the Press Trust of India quoted an an official in the Information and Broadcasting Ministry as saying.
PTI quoted the I&B official as saying that the channels seeking registration include the Star Group, Sony, Zee, Discovery, Anil Planet, Cartoon Network, CNN, Pogo, MTV, Channel V, Toon Disney, Hallmark, HBO, Ten Sports, Channel News Asia and Times Now
Those yet to send in their applications include Fashion TV, ESPN-Star Sports and BBC, the report adds.
Speaking to Indiantelevision.com on the matter yesterday, a BBC spokesperson had said, ”BBC World is aware of the timetable set out by the Indian government for completion of all formalities of registration under the new down linking guidelines issued on 11 November 2005. In compliance with the timetable, BBC World has prepared its application and will submit the same within the 10 May deadline set.”
The government, meanwhile, clarified that all those channels that have applied for landing rights on or before 11 May 2006 could continue to be carried on cable networks till the channels’ are denied the right.
“A cable operator may continue to carry or include in his cable service any television broadcast or channel, which has made an application for registration to the central government on or before the date of commencement of the notification, for a period of six months from the date of such commencement or till such registration has been granted or refused, whichever is earlier,” a government statement posted on the site of I&B
ministry said.
The statement also said that amendments to the Cable Television Network Rules 1994 and DTH guidelines will be notified separately and issued on 11 May 2006.
Those channels that had been granted permission for uplinking from India before 2 December 2005 shall be treated as “registered” television channels and can be carried or included in the cable service. The full list is available under Codes & Guidelines section at mib.nic.in.
Yesterday, a senior government official had admitted to Indiantelevision.com that the number of applicants seeking landing rights in the country is still “very low” compared to doubts and queries being raised. “This is surprising
considering the deadline is 10 May,” the official added.
The government issued an ultimatum last week that those channels not fulfilling all the downlink criteria by 10 May 2006 would be denied landing rights.
The I&B ministry also posted on its website communications sent to the Indian Broadcasting Foundation, Star Group, Time Warner and a lawyer. The missive made it clear that the deadline of 10 May stays.
The lobbying against the downlink norms as a whole and partly is understandable. The moment a television company sets up a permanent establishment (PE) in India, as per downlink norms, its tax liabilities in India would go up drastically. Rather, more the revenues collected in India, higher would be the tax component.
Recently, Economic Times reiterated this fact in a report also. “After unveiling the downlinking policy for satellite television channels, the government is set to re-examine the tax treatment of revenues earned by foreign TV channels (FTCs). These companies earn advertising revenues from ad agencies, sponsors, and subscription revenues from cable operators.
“The task force on emerging issues in non-resident taxation, constituted by the finance ministry, is understood to have made an attempt to bring greater clarity and certainty in the tax treatment of FTCs. This, in turn, may enable India to get a larger share of the pie. Going by the recommendations,
FTCs will be liable to pay tax in India if they have a permanent
establishment (PE) here. Alternatively, a dependent agent who has the authority to conclude contracts, also constitutes a PE,” the newspaper said.
Before 2001, foreign TV channels used to pay taxes on a presumptive basis on their advertisement revenues earned in India, which ranged between 35-40 per cent.
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.
