News Broadcasting
BBC hopes to launch channel in China
MUMBAI: Three years after it was given the unceremonious heave-ho for “infringing” state broadcasting rules, BBC is eyeing a return to China with the launch of its channel.
Representatives from BBC Worldwide, the corporation’s commercial arm, are to visit China this summer with plans for a television channel. The corporations’ focus is on international expansion plans as the commercial unit announced record profits of £55 million for 2004/05, a year on year increase of 50 per cent.
International expansion of both the channels and TV sales business is a crucial part of the corporation’s plans. BBC Worldwide chief executive and chief operating officer John Smith will head a team of between five and 10 senior Worldwide executives hoping to start discussions with several joint venture partners as well as the Chinese government in August, informs media reports.
The division, which operates international channels including BBC America, BBC Kids in Canada and the BBC Food channel in the Middle East and Africa, is keen to look at other territories. China is on the list of the countries where channel expansion is on the agenda, according to a media report.
A kids channel in the US has, however, been mentioned previously by Simth as one possibility. BBC Worldwide will be announcing the appointment of a new managing director of global channels some time soon.
According to a media report, Smith said that he was “pretty confident” of meeting his target to double profits from £37m last year to £74m next year.
But relations with the Chinese authorities have been at times strained over the corporation’s coverage of news events.
In 1994, Rupert Murdoch attempted to appease the Chinese government by removing BBC World from his Star satellite platform in the country, after dissatisfaction was expressed at BBC coverage of the Tiananmen Square massacre.
In 2002, the Chinese International Television Corporation temporarily ejected BBC World from the Sinosat 1 satellite service on the basis of unfavourable reports on the Falun Gong spiritual movement.
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.
