News Broadcasting
BBC World to produce six programmes on nominees of ‘The World Challenge’
MUMBAI: BBC World will produce six 30-minute programmes on each nominee of the The World Challenge – a global competition seeking to highlight and reward outstanding examples of community enterprise and innovation. The programme will examine how the initiative began, its inspiration and why it is socially and environmentally successful.
For The World Challenge competition in 2006, BBC World and Newsweek, the weekly global current affairs magazine, have joined with Shell to search for, highlight and reward individuals or groups that have used enterprise and innovation to the benefit of local communities.
In an official statement issued, the six programmes will feature two finalists per programme and will be broadcast to BBC World’s weekly global audience of 65 million viewers in October and November 2006. The channel’s viewers will be invited to vote online for the most commendable and inspirational project. Full details are available online at http://www.theworldchallenge.co.uk.
Newsweek will mirror the programmes’ content in a six-part series of advertorials on the 12 nominees, aimed at driving its readers to the online voting site. The campaign will reach 1.5 million weekly readers across Europe, Asia and Latin America.
The World Challenge has attracted more than 800 nominations, nearly double the amount received last year.
Nominations for the 2006 competition closed on 7 June and a total of 816 nominations were received – a 79 per cent increase on last year’s nominations of 457. This year’s competition attracted the greatest numbers from India (159), Philippines (56), Nigeria (47), USA (34), Kenya (32), South Africa (32), England (20) and Uganda (20), states an official release.
A panel of expert judges will now shortlist the nominations to 12 finalists that show the best examples of community-based business, development or environmental projects. The finalists will then be announced at the beginning of July.
During The World Challenge in 2005, more than 120,000 votes were cast from around the world. The winning project, Coconets from the Philippines, was presented with a US$20,000 grant from Shell, which has been invested in further developing their system to prevent landslides using waste coconut husks.
Once voting has closed, the winner of World Challenge 2006 will be announced at an awards ceremony in The Hague in December 2006. The winner will again receive a US$20,000 grant from Shell to invest in their project, plus the two runners-up will each receive US$10,000.
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.
