News Broadcasting
BBC launches College of Comedy
MUMBAI: Britain’s comedy writers are backing a new “BBC College of Comedy.” The scheme, which launches today (12 March), will take six writers and train them over a year by attaching them to sitcoms and sketch shows, giving each a mentor for original work, and running a series of masterclasses in all aspects of comedy writing.
Among those endorsing the scheme are Dick Clement and Ian la Frenais, Jesse Armstrong and Sam Bain, Bill Dare, Jeremy Dyson, Andy Hamilton, Armando Iannucci, Laurence Marks and Maurice Gran, Paul Mayhew-Archer, David Mitchell and Robert Webb, Susan Nickson, Simon Nye, Ian Brown, James Hendrie and Ian Pattison.
The scheme, which has financial support from BBC Worldwide, is designed for people who have already begun their careers, and can demonstrate some achievement, such as broadcast material, a script commission or performance of their work.
Applicants are being invited to submit the first ten pages of a half-hour script, or six sketches by the closing date of 14 April. Twelve writers will be interviewed, and the successful six announced on 16 May. They will then be matched with productions, and guaranteed a script commission.
They will also be given a mentor for original work, which will be showcased when the scheme ends in March 2009. There will be two residential workshops during the year, with sessions from leading writers, producers and directors.
The scheme is being run by Micheál Jacob, formerly the BBC’s creative head of mainstream comedy and executive producer of My Family, Two Pints of Lager and a Packet of Crisps and The Smoking Room. He will combine running the college with developing and executive producing programmes.
Jacob says, “We hope to find people who are going to make our team-written shows better, and also writers with original voices who can develop their own shows. We also hope that people will like the BBC enough to bring us their work in the future.”
The scheme is the brainchild of BBC’s head of comedy, Mark Freeland.
He added, “I’m really excited about the launch of the scheme. I hope that we can find creative writing talent from many places, unearthing origin and diverse comedy voices.”
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.
