News Broadcasting
Bruce Dover to manage CNN’s television and web integration in Asia Pacific
Continuing CNN’s restructuring exercise, Bruce Dover has been named managing editor CNN Asia Pacific, it was announced today by Ian Macintosh, senior vice president, CNN International, Asia Pacific. Dover will be responsible for CNN’s television, website and integrated production in the region.
Dover will lead CNN’s production and editorial teams based at its Hong Kong regional news headquarters. Reporting to Ian Macintosh, he will be responsible for integration of CNN’s editorial output across all platforms and networks, according to a company release.
“Dover brings to this new position an impressive mix of editorial, managerial and business experience,” says Macintosh. “Since joining CNN.com last year he has provided superior leadership, focus and innovation, ensuring the successful creation and launch of CNN.com/Asia. He is ideally qualified to drive the integration of our newsgathering, production and online operations in Hong Kong.”
CNN’s Hong Kong regional news hub consists of 85 staff who produce more than 31 hours a week of programming including six prime-time regional programmes broadcast live daily, plus CNN’s first web site to be produced out of Asia, the newly launched CNN.com/Asia. The Hong Kong production facility is also the newsgathering headquarters for CNN’s nine bureaus operating in the region, including the recently opened Sydney bureau.
Dover joined CNN in August 2000 from News Interactive, the Australian online division of News Corporation, where he was the executive general manager since October 1998. Previous to this he was vice president in China for News Corporation, based in Beijing. Concurrently, he was the founding chief executive of PDN Xinren Pty Limited, a joint venture with the People’s Daily newspaper, which developed the first foreign joint venture Internet site, www.chinabyte.com.
Dover began his career as a political reporter for the Brisbane Telegraph newspaper. In 1986 he won The Graham Perkin Australian Journalist of the Year Award for his coverage in Asia.
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.
