News Broadcasting
Andrew Morse joins Bloomberg as head of US Television
MUMBAI: Andrew Morse, executive producer of innovation and integration for ABC News Digital, has been named head of Bloomberg Television in the US.
Morse will oversee editorial, programming, operations and development in the US for Bloomberg Television, the global 24- hour business news channel that reaches over 270 million homes worldwide.
In addition, he will work across Bloomberg’s print, radio, mobile and digital media properties to further the company’s strategy of delivering news, business intelligence, market information and critical data to the world’s most influential business news consumers across a variety of real- time platforms. Morse will report to Andy Lack.
Bloomberg Media Group CEO Andy Lack said, “Andrew brings experience not only as an award-winning broadcast journalist, but in understanding the needs of today’s media organisations to deliver creative content to consumers across multiple platforms. As a producer, he’s created exciting, smart television for a global audience, making him an ideal fit as Bloomberg continues to build a world-class multimedia organization.
” Most recently, Morse led ABC News’ coverage on the ground for the earthquake, tsunami and nuclear crisis in Japan and the Egyptian Revolution in 2011, as well as the earthquake in Haiti in 2010.
Morse also oversaw ABC News’ digital portfolio, including ABCNews.com, ABC News Now, the network’s 24-hour broadband channel, and its emerging platforms such as the iPad and iPhone applications.
Prior to joining the ABC News digital team, Morse served as executive producer of Good Morning America’s weekend edition and had been senior producer for World News Saturday and Sunday. From 2002-2005 Morse served as ABC News’ Asia Bureau Chief and producer, where he coordinated the network’s coverage of the South Asian Tsunami in 2004 and the Bali terror bombings in 2002.
From 1998-2001 Morse was an assignment editor and producer in ABC News’ London Bureau. He began his career in ABC News’ Washington Bureau as a production coordinator and was an associate producer for ABC News.com when it launched in 1997, experimenting with digital reporting in its earliest form.
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.
