News Broadcasting
AMC Networks to develop a series on ‘Good Night, and Good Luck’
Mumbai: US cable company AMC Networks has opened a writers’ room to develop a TV show based on the Oscar-nominated movie Good Night, and Good Luck.
Oscar winner George Clooney, Grant Heslov, and their Smokehouse Pictures banner brought the project to AMC along with participants and 2929 productions. Heslov will direct the first episode of the series.
“AMC is known for intriguing, deeply rooted characters that leap off the screen and into the cultural zeitgeist. Sy Steingartner fits right in with AMC’s icons, and we are excited to develop the character and series,” said AMC Networks president of entertainment and AMC Studios Dan McDermott. “We’re huge fans of Jonathan’s expert storytelling gifts, George and Grant’s producing prowess, Grant’s directing skills, and the vigorous talents of Mark, Todd, and Jeff, and we’re elated to work with all of them in this new endeavour.”
Jonathan Glatzer will be the showrunner and executive producer. Mark Cuban and Todd Wagner of 2,929 are executive producers, along with participant Jeff Skoll. Miura Kite of Participant will also executive produce, along with Haley Jones of 2929. Rebecca Arzoian of Smokehouse will be co-executive producer.
“As a massive fan of the movie, I didn’t want to copy it or just do a facsimile of it. So, we’ve expanded the world to show how the division and hysteria of the times seeped into every aspect of daily life. I suppose it’s more of an origin story of where we are today,” Glatzer said.
“We are exceedingly proud of the Oscar-nominated Good Night, and Good Luck film, and its themes remain frighteningly relevant today, as new threats to democracy arise and trust in the press continues to erode. We are proud to work with AMC, Smokehouse, and 2929 to expand on the world of the film in this thrilling new series,” said Participant CEO David Linde.
“Good Night and Good Luck,” and the pressures that the Murrow newsroom faces are more relevant now than ever. We are thrilled to reteam with our partners George Clooney, Grant Heslov and Participant to bring Jonathan Glatzer’s vision of Murrow to new audiences. AMC’s long history of character-driven storytelling make this the ideal collaboration for the new series adaptation,” said 2929 Entertainment CEO Todd Wagner.
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.
