News Broadcasting
Casbaa launches mobile TV group
Hong Kong: The Cable & Satellite Broadcasting Association of Asia (Casbaa) has announced the formal launch of the Casbaa Mobile Group, a team of organisation members dedicated to the effective, business-model focused deployment of mobile TV services across the Asia Pacific.
The announcement was made during the first plenary day of the Casbaa Convention 2006 in Hong Kong.
Among the Casbaa members participating in this Casbaa Group are mobile content providers such as Turner Broadcasting, ESPN Star Sports, CNBC Asia, BBC World, Star Group, Walt Disney Television International and Sony Pictures TV International, as well as platform operator PCCW, handset manufacturer Nokia and chipset supplier Sun Microsystems.
The Casbaa Mobile Group met with the DVB-H Asia Pacific Alliance (Dapa), which comprises DVB-H dedicated broadcast platform operators such as Bridge Networks of Australia, MiTV of Malaysia and MECA from Indonesia, as well as Nokia, an official statement from Casbaa said.
“The Casbaa objective is to create an environment where the regulatory and business issues surrounding Mobile TV can be debated with hard information exchanged to encourage the distribution of paid video content to as many Mobile TV subscribers as possible,” said Casbaa CEO Simon Twiston Davies.
The Casbaa engagement with Dapa followed a meeting earlier in the year with the Asia Mobile Initiative (AMI), where video-to-mobile streaming information was exchanged with roaming platforms M1-Vodafone (Singapore), Celcom (Malaysia), DTAC (Thailand) and SMART (Philippines).
“As is demonstrated by the heavy emphasis on mobile issues in our the Casbaa Convention programme this year, the pay-TV industry places the development of a robust business model for Mobile TV as one of its highest priorities for our digital future,” said Twiston Davies.
There is a long-term commitment by the content industry to work more closely with mobile platforms and manufacturers to create an economically viable business for everyone. This is just the beginning of the development of new and substantive revenue stream for our industry, he added.
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.
