News Broadcasting
BBC’s meeting with UK unions fails to provide a resolution
MUMBAI: A few days ago BBC DG Mark Thompson met representatives of the BBC’s recognised Trade Unions (BECTU, NUJ, Amicus) to discuss the BBC’s plans for change. The purpose of the meeting was to explain in more detail the BBC’s plans and for Thompson to listen to the union’s concerns and ideas, exploring ways to achieve the best outcome for staff and the BBC.
The BBC regretted that the union representatives chose not to continue with what it believes could have been a constructive and meaningful dialogue. The BBC states that it believes that its employees want early clarity on what the change plans mean for them.
As had been reported earlier by indiantelevision.com the BBC has announced two rounds of job cuts in the UK which will amount to annual costs savings of £355 million. British unions are not surprisingly unhappy over the move. Union leaders representing thousands of BBC staff had given the corporation an ultimatum of withdrawing plans to axe almost 4,000 jobs or face strikes.
At the recent meeting the BBC outlined the difficult challenges the BBC faces and the Corporation’s strategy for meeting these challenges. The BBC explained that the three year plan of efficiencies, savings and different ways of working would mean that the corporation could put an extra £355 million a year into programmes from 2008.
Thompson added that at the same time, it would achieve its goal of transforming into a state of the art digital broadcaster, with a bold new programme and content strategy based around excellence. The BBC also explained to the Unions why it couldn’t meet what it considered to be unrealistic demands from the unions but told them that it nevertheless wished to continue to discuss the detailed plans within each BBC division.
The BBC stressed to union representatives that it has every intention of working with the unions to address staff concerns, whilst needing to make changes to meet its audience’s changing needs and demands and to achieve greater value for money for licence fee payers. At the meeting both the BBC and the unions recognised that this was a difficult and anxious time for staff, and that it was very mindful of the human consequences of the changes it proposed. The BBC made it clear that it would do everything it could to mitigate the effects on staff of the job losses, but this could only be achieved by continuing dialogue and consultation with the unions.
The corporation reiterated that because it was proposing a three year change plan, it anticipated that a large proportion of the job losses would be achieved though staff turnover and voluntary redundancy. However, the BBC was not able to rule out compulsory redundancies.
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.
