News Broadcasting
Ayodhya verdict: Aaj Tak leads the pack
MUMBAI: As the Allahabad High Court bench was reading out the verdict on India‘s most communally sensitive issue, the common man was hooked on to the news channels for getting updates.
The result: a huge expansion in the news genre. The Hindi news space saw an unprecedented 132 per cent rise over the previous day to garner a genre share of 18.4 on 30 September. And in the All India market, the share of English news channels was 1.27 per cent, up 130.91 per cent from the trailing day.
In the highly competitive ratings turf, it was also a time for news channels to score a point over their rival networks. The winners on that day, when the news genre saw an expansion, were Aaj Tak and CNN-IBN in Hindi and English language telecasts.
As per Tam data (HSM, 15+), Aaj Tak commanded a channel share of 22.7 per cent among the Hindi news channels on 30 September, followed by Star News with 17.8 per cent share.
India TV lost some of its share on the day of verdict (13.2%), as compared to preceding and following days. Zee News clocked 10.9 per cent share, followed by IBN7 with 9.3 per cent genre share (see chart for details).
In the English news channel space, CNN-IBN led the flock with a 23.3 per cent share, according to Tam data for All India, 1 mn+ towns, 25+ years. Times Now was, however, in the closest possible race with CNN-IBN, enjoying a 23.2 per cent share.
NDTV 24X7 remained at third spot with 19.4 per cent share, whereas News 9 dislodged Headlines Today for the particular day under review. The channel share of News 9 was 14.6 per cent, as compared to 11.4 per cent of TV Today Group’s English news channel.
NewsX, which is soon to be changed into IMN News, saw a 67 per cent jump from its previous day viewership and clocked a channel share of 7.7 per cent.
“The TV news genre saw a huge spike on the Ayodhya verdict day. The ratings indicate that the viewers were more interested in hard news that day,” says a media observer.
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.
