News Broadcasting
BBC makes first round of major savings in professional services
MUMBAI: The BBC has announced that the first round of plans to transform the organisation will release ?139 million a year by 2008 to reinvest in to programmes. The savings are a part of BBC DG Mark Thompson’s vision to ensure the BBC can meet rapidly changing audience expectations by developing a bold content strategy, transforming itself into a state-of-the-art digital broadcaster and becoming much simpler in its operations and business processes.
The first changes have come from the BBC’s Professional Services which include: Strategy & Distribution; Policy & Legal; Finance, Property and Business Affairs; BBC People (HR) and Marketing, Communications & Audiences. There will be a 46 per cent reduction in headcount. 980 people will be looking for a job. Some reductions will happen through staff turnover, others through redundancy and 750 posts will be outsourced. Thompson has told BBC’s senior staff that the BBC Governors had endorsed the plans but would consider these and further savings plans from the content and output divisions as a whole at their meeting next week before giving final approvals.
Overall, costs savings across the BBC are higher than anticipated at ?355m, compared to the ?320 million target. Thompson said: “In December I talked about the creative prize for the BBC and our audiences – but the cost is nothing short of transformation. We have made a strong start, showing we are serious about change and ensuring we are maximising the value of our income for audiences’ benefit. We need to make the BBC a simpler, more agile operation, ready to take the creative lead in a very different, very challenging digital future.”
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.
