News Broadcasting
CAS will give govt unparalleled powers, says survey
NEW DELHI: Not only is the Cable TV (Networks) Regulation Bill, 2002, which is supposed to be discussed in Rajya Sabha during this session of Indian Parliament, at variance with the Task Force on CAS recommendations, but it also gives powers to the Indian government which are unparalleled in the whole of Asia, according to a recent survey.
The survey was conducted by seeking responses from lawyers from a number of Asian countries.
Take, for example, the pricing of the basic tier of free to air (FTA) channels. This is to be determined by the Indian government. The survey, a copy of which is available with indiantelevision.com, points out that nowhere does the government control prices anywhere in Asia, except in China and Taiwan.
In China too, price control is done at the local level of governance unlike what is being proposed in India where the price control will be effected through a Central legislation which will make amendments to the proposed law in this fast changing industry very difficult and time consuming.
The findings of the survey are being circulated amongst Rajya Sabha (Upper House of the Indian Parliament) members to highlight the shortcomings in the proposed laws relating to conditional access system (CAS).
Though the business advisory committee of Parliament had listed the CAS Bill on the agenda of the Rajya Sabha (RS), it could not be taken up as both Houses of Parliament were adjourned on Monday due to the Presidential elections. The CATV Amendment Bill is now supposed to be put up in RS for discussion next Monday. Lok Sabha (Lower House) has already okayed the amendments to the Act which seeks to facilitate implementation of CAS.
The survey also points out that in no Asian country are set-top boxes (STBs) mandated through a central legislation. In Singapore, for instance, where the use of STBs is wide-ranging and the maximum percentagewise amongst Asian countries, only newer and digital channels come through STBs, while people having older TV sets continue to access satellite channels without a STB.
Though the I&B ministry-constituted Task Force recommended that DD channels must be carried as part of a “must carry” clause, what the government has gone ahead and done is to take the power to decide what will be the composition of the basic tier of FTA channels. This amounts to a form of censorship, the survey concludes.
The survey compares clause by clause what had been recommended by the Task Force and what finally went into the Bill, which is awaiting Parliament’s nod to be enacted into a Central law. It also compares the proposed changes being sought to be brought about in India with similar laws existing elsewhere 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.
