News Broadcasting
Cable blackout in Mumbai ends
MUMBAI: Cable television is finally back in Mumbai after almost two days. However, movie channels, as well as Hindi entertainment channels Star One and Sahara One, remain on the blink.
A compromise was reached late this evening after the Cable Operators and Distributors Association (Coda), which represents local cable ops, as well as representatives of the various multi-system operators, met Maharashtra home minister RR Patil.
The cable fraternity’s contention has been that since they are only service providers, and not content producers, they require “clear cut regulation from the government for the telecast of movie channels.”
According to a cable operator who preferred to remain anonymous, all the networks were restoring cable services barring those of the nine channels that triggered the imbroglio in the first place. “We will wait for the verdict, which will be heard tomorrow (Wednesday) by Justice Lohda (before deciding on the next course of action),” he said.
Cable operators have filed an intervention petition in the Bombay High Court asking why broadcasters and direct-to-home operators were not being taken to task by the authorities. The petition is scheduled to come up for hearing tomorrow.
Earlier in the day, cable operators were running a scroll informing viewers of the reasons behind the suspension of services. “Due to unprecedented raids on cable operators for carrying satellite movie and entertainment channels having adult content, all Maharashtra cable operators have shut down these channels till further directions from the High Court and commissioners. Kindly bear with us.” — Cable Operators and Distributors Association.
The channel blackout was not total all over Maharastra though. Besides Mumbai, other parts of the state – such as Nasik, Pune, Thane and New Mumbai – were affected to varying degrees by the channel blackout. In Pune, for instance, the cable networks only discontinued the transmission of movie and music channels.
Cable services were halted last evening after the Mumbai police raided cable TV control rooms and seized the decoder boxes of nine channels charged with showing adult content. Among these were Hindi and English movie channels (Zee Cinema, Star Movies, HBO, Filmy, Star Gold, AXN and Max), and Hindi entertainment channels Star One and Sahara One.
Police said the operators were raided because they were showing adult films, despite there being a ban on them. At least three million homes were affected by the blackout.
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.
