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B’cast Bill: Film censor board chief seeks clarifications

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NEW DELHI: Indian film censor board chief and veteran actress Sharmila Tagore today exhorted the government to remove overlaps in the functioning of censor board and a proposed broadcast regulator.

She also called for “transparency” while forming the proposed Broadcast Regulatory Authority of India (Brai).

“There has to be some sort of uniformity at some level… and identify where there are some overlaps,” Tagore, chairperson of the Central Board for Film Certification (CBFC), was quoted by the Press Trust of India as saying.

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She, along with some other government officials and industry representatives were participating in a day-long seminar on the draft ‘Broadcasting Services Regulation Bill – 2006’, which was organized by industry chamber Assocham.

Tagore’s apprehensions stems from the fact that the censor board and the proposed Brai might end up doing similar works like certifying content for television channels.

In the absence of a regulatory body, the government has mandated that only `U’ (or for unrestricted viewing) censor certified films promos, music videos and songs should be aired on TV music channels.

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Information and broadcasting secretary S K Arora assured the industry gathering that the government was open to suggestions and comments on the proposed Brai and the Bill.

“The government is open to suggestions and can incorporate fresh ideas and issues we may have omitted (earlier in a draft that was readied for the Cabinet),” he said.

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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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