News Broadcasting
Bombay High Court stays BARC order against India Today
NEW DELHI: The TRP manipulation row has embroiled several parties including news broadcasters, research agencies and police authorities. The row is getting murkier as it goes along.
Last week, the Bombay high court stayed an order passed by BARC disciplinary committee and directed BARC India not to take any coercive action against India Today Group subject to a deposit of Rs 5 lakh with the court. Now, after various sections of news media purportedly misreported facts in the case, India Today has issued a clarification.
Referring to the plea it filed against the BARC order, TV Today said in a statement, “The petition filed challenges an order passed by the BARC disciplinary committee on the grounds that it was without an appropriate quorum and without presenting evidence, among other criteria. The court has stayed the order and directed that no coercive action be taken subject to a deposit of 5 lakh with the court– and not with BARC– and without prejudice to our rights.”
The media house pointed out the misinterpretation of the court order by several news outlets that TV Today must pay a fine of Rs 5 lakh to BARC. “It is unfortunate that certain sections of the media are misreporting the reasons for TV Today approaching the Bombay high court against BARC,” it said.
The network also clarified that the Hansa report has nothing to do with the case filed by it against BARC. “Similarly, any mention of TV Today's name in the Hansa report is something we are completely unaware of. We are not privy to any such information, and neither has BARC informed us of the report.”
The TRP manipulation scam was unearthed by the Mumbai police on 8 October. Since then, several news broadcasters have been reeled into the controversy surrounding the matter. Charges and allegations have freely flown and a string of law suits and FIRs have been filed, with no end seemingly in sight.
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.
