News Broadcasting
Carl D. Folta is Viacom executive VP, corporate communications
MUMBAI: US media conglomerate Viacom has appointed Carl D. Folta as executive VP, corporate communications.
Folta, who will serve as Viacom’s chief communications strategist and spokesperson, will report to Viacom senior executive VP and chief administrative officer Thomas E. Dooley. Folta, most recently served as executive vice president, office of the chairman.
In his new role, he will be responsible for Viacom’s overall communications activities, both internally and externally, as well as the coordination of communications at the Company’s operations, including MTV Networks, Bet Networks, the Paramount Motion Picture Group and Famous Music. Folta will have oversight for all financial communications, and will direct the Company’s media relations activities for industry issues and public affairs, including regulatory, legislative and legal matters.
Additionally, he will be responsible for managing corporate events and overseeing the Company’s philanthropy activities and public affairs programs, including Know HIV/Aids, the Peabody and Emmy Award-winning cross- platform public education partnership with CBS and Kaiser Family Foundation, which he initiated in 2003.
Viacom president and CEO Philippe Dauman said, “Carl is a consummate communications professional who understands the strategic and financial complexities of our businesses and the industry. I know he will make a big contribution to Viacom in the future as we continue to expand and embrace the opportunities of the digital age. I am also pleased that I will have the opportunity to continue to work with Carole and that Viacom will continue to benefit from her knowledge, experience and talent as she moves to her new role at MTV Networks.”
Dooley said, “Carl is a highly effective leader and a seasoned communications councelor with more than 25 years of experience in every aspect of the public relations field, including financial and investor communications. I couldn’t be more pleased to be teaming up with him again.”
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.
