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BBC, Reuters to host global media conference

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MUMBAI: The power of trust in the media and citizen journalism are among the topics to be discussed by top media names at a two-day forum in London next month, to be hosted by the BBC and Reuters.

The 2006 We Media Global Forum will bring together personalities from media, business and technology to discuss and collaborate on how the media can foster trust and influence global issues in a world made smaller by the Internet. The Forum takes place on May 3 and 4, presented by The Media Center, a US-based non-profit think tank committed to building a better-informed society in a connected world.

The speakers include actor Richard Dreyfuss, Google partnerships dierctor Joanna Fields, Reuters CEO Tom Glocer, Meetup.com founder and CEO Scott Heiferman, Al Jazeera DG Wadah Khanfar, Global Voices co-founder Rebecca MacKinnon, Guardian Newspapers CEO Carolyn McCall, BBC global news director Richard Sambrook, Reuters Global Managing Editor David Schlesinger.

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The event will have a live broadcast of the BBC’s World Service programmes, World Have Your Say, and an interactive experience with the Digital Assassins, a group of disruptors and innovators in digital media. Day 2, at Reuters global headquarters in CanaryWharf, includes a series of satellite-linked “town hall” meetings around the world, and an in-depth look by venture capitalists and business leaders at the changing economics of media and value of social capital.

The Global Forum will offer glimpses of the future in short “Future Forward” segments – first looks at emerging technologies and media from leading developers, entrepreneurs and companies. BBC DG Mark Thompson said, “Trust has always been central to BBC values. We all know the pressures that news organizations face in this fast changing multi-media world. I am delighted to welcome participants to the We Media Global Forum and I hope that it will provide a valuable opportunity for all of us to share our insights.”

Glocer said, “The balance of power between content creators, suppliers and consumers is changing, with an end to the notion of a passive audience. The ramifications of this new phenomenon are most acutely felt in the area of trust. As consumers, this democratization of media will have profound effects on where we source news and entertainment, and whom we trust. For a company like Reuters, this is a great time to be taking a 150 year-old news brand in exciting new directions.”

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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.

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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.

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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.

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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.

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