News Broadcasting
ASCI upholds complaint against Republic’s TV promo claiming network leadership
MUMBAI: The Fast Track Complaints Panel (FTCP) of the Advertising Standards Council of India (ASCI), in a meeting held on 27 March 2019, has upheld a complaint against Republic’s leadership claim of being the country’s largest news network with a reach of 184 million.
The Arnab Goswami-led network’s press note and TV promo with claim of being "India's No. 1 News Network" with "184 Million Viewers" was deemed ‘false and misleading’ by the FTCP after a technical expert and the ASCI secretary general conducted a personal hearing with both the complainant as well as the advertiser representatives.
The FTCP reviewed the channel promo videos, and noted the advertiser’s written response. The details of the complaint and the rationale for claim support was taken into consideration.
“The TV promo was not accompanied with any disclaimer to indicate the source of claim. The TV promo was in contravention of BARC advisory as well as Chapter I.1, I.2, I.4, I.5 and IV. 1 (a) and (b) as well as ASCI guidelines on disclaimers,” read the letter, which has been reviewed by Indiantelevision.com.
Ruling in favour of the complainant, the FTCP said that Republic had selectively picked only a subset of channels of their competitive networks and described these subsets as the “network”.
It noted, “The comparison among networks should include all channel under the common corporate umbrella. Selectively picking and choosing amounts to transgressing Chapter IV.1 (a) and (b).”
Republic in its defence asserted that it has used the data of only one week, i.e. the 10th week of 2019, for the promotional purpose as it had taken them over five weeks to ensure full availability in their addressable market.
FTCP further stated that due to the TRAI tariff order implementation, BARC had informed its subscribers to not use the viewership data for any public communication from week 6 onwards. Republic network’s representative admitted to being aware of the said BARC advisory and assured to adhere to the same during their personal hearing.
The channel indicated compliance and confirmed that the TV promo was a one-time telecast and has been discontinued.
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.
