News Broadcasting
Australian broadcaster SBS to produce local version of BBC’s ‘Top Gear’
MUMBAI: BBC Worldwide has concluded a deal with Australian free-to-air network SBS to license the rights to a local version of Top Gear. This is the first such a deal is done globally.
Freehand Productions, BBC Worldwide’s Australasian partner, will produce the local version, which will transmit on SBS next year. Eight episodes are planned.
BBC Worldwide has identified Top Gear as one of its top priority brands across all platforms.
Top Gear MD at BBC Worldwide Adam Waddell said, “This is an incredible step forward for the brand in one of our most important territories. With the UK series viewed in more than 100 countries worldwide, and BBC Top Gear magazine licensed in 19 countries, our focus is very much about expanding the brand through areas such as local production and localised online content.”
SBS has also extended its commitment to the UK version. Top Gear has aired on the network since 2005, and is its highest-rating non-sport show.
BBC Worldwide Australasia’s head of sales Julie Dowding sales, “It is very exciting for us to have done this deal with SBS. We are very proud that the first global deal for a local version of Top Gear has been done here in Australia.”
UK Top Gear presenter Jeremy Clarkson says, “I’m delighted that Top Gear is going to Australia. Maybe the first guest could be Jonny Wilkinson.”
BBC Top Gear magazine is licensed in many countries including India, Italy, Netherlands, Greece, Dubai, Syria, New Zealand and Singapore.
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.
