News Broadcasting
BBC reaches agreement with British trade unions
MUMBAI: After extensive talks, UK pubcaster the BBC and British trade unions BECTU, NUJ and Unite have reached an agreement in principle in the current dispute. The pubcaster has, therefore, been able to avoid a strike. The unions had threatened strike action over plans to close 2,500 posts and make up to 1,800 staff redundant.
The agreement is subject to acceptance by a consultative ballot of the joint unions’ membership.
All the parties welcome the progress made so far on jobs, allowances and pensions, and will continue to work together to achieve an acceptable final settlement.
BBC People director Stephen Kelly said, “The negotiations with the trade unions have been very constructive, given the complexity of the issues and the BBC’s financial position. We are hopeful that the proposed agreement will settle the dispute and enable the BBC to make the necessary changes required for the benefit of our audiences.”
BECTU general secretary Gerry Morrissey said, “This set of negotiations with the BBC has been particularly difficult given the financial constraints on the BBC and the number of areas targeted for cuts, all of which impact significantly on many staff. After extensive talks overnight, we have an agreement in principle which we hope will pave the way for a final settlement of the dispute. Talks in BBC Vision will continue up until the opening of a consultative ballot in March.”
NUJ general secretary Jeremy Dear said, “We’re pleased the imminent threat of compulsory redundancies has been addressed and that all staff required to work unpredictable hours will continue to get a fair deal. These negotiations now give us a basis on which we can address further changes proposed by the BBC.”
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.
