News Broadcasting
Cable industry seeks government intervention
It’s a cable industry versus broadcasters battle that promises to be long drawn if the government does not intervene soon.
The Cable TV Equipment Traders and Manufacturers’ Association (CTMA) which met in Kolkata this week, has urged the setting up of a regulatory body on the lines of the Telecom Regulatory Authority of India. This umbrella authority should lay down guidelines for the cable TV industry in the country, determine fixed cable and pay channel tariffs and delve into issues that are of growing importance to the cable TV industry, the CTMA says.
The National Cable and Telecommunication Association (NCTA), a consortium of cable ops in the Delhi region, holds similar opinions. The NCTA, which has filed a petition against a private broadcaster in the Delhi high court this week, has called upon the government to probe the legality of foreign pay TV channels in accordance with the prevailing laws of the land.
An NCTA release says: “The Government must form uniform guidelines for governance, entry, and operations of all foreign pay channels,” and goes on to claim that “while pay TV subscriptions have increased by over 1,000 per cent in the last five years, the government is yet to ensure a fair pricing mechanism and impose a freeze on current subscription rates till conditional access system is introduced.” NCTA president Vikki Choudhry accuses private broadcasters of stalling the implementation of conditional access system for pay TV channels as recommended by a I&B ministry task force.
CTMA secretary Sanjay Mansukhani also told a news conference on Tuesday that cable ops were hesitant to invest in upgradation programmes in the absence of specified laws and regulations governing the industry. The cable manufacturers have pinned their hopes on the Convergence Bill that may address some on their concerns. The CTMA claims to service nearly 36 million households across the country.
The NCTA has issued an open letter also addressed to Chief Justice of India, leader of the opposition Sonia Gandhi, members of Parliament and ministries of Home Affairs, Finance, Communications, Information and Broadcasting and Law asking for the Government to step in to resolve the issue.
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.
