News Broadcasting
‘CBS Evening News’ managing editor & anchor Dan Rather to step down in March 2005
MUMBAI: CBS Evening News managing editor and anchor Dan Rather today announced that he will step down from his post on 9 March, 2005; 24 years after his first broadcast in that position.
Rather will however, continue to work full-time at CBS News as a correspondent for both editions of 60 Minutes, as well as on other assignments for the Division. “I have decided to leave the CBS Evening News on 9 March, 2005,” said Rather. “I have been lucky and blessed over these years to have what is, to me, the best job in the world and to have it at CBS News. Along the way, I’ve had the honor of working with some of the most talented, dedicated professionals in the world, and I’m appreciative of the opportunity to continue doing so in the years ahead.”
“I have always said that I’d know when the time was right to step away from the anchor chair. This past summer, CBS and I began to discuss this matter in earnest, and we decided that the close of the election cycle would be an appropriate time. I have always been and remain a ‘hard news’ investigative reporter at heart. I now look forward to pouring my heart into that kind of reporting full-time,” he added.
Viacom co-president and co-chief operating officer and CBS chairman Leslie Moonves said, “Dan’s 24 years at the CBS Evening News is the longest run of any evening news anchor in history and is a singular achievement in broadcast journalism. He has been an eyewitness to the most important events for more than 40 years and played a crucial role in keeping the American public informed about those events and their larger significance. We congratulate him on all he has accomplished and look forward to the future.”
CBS News president Andrew Heyward, who has worked closely with Rather since they both joined the CBS Evening News in March 1981 said, “Dan’s dedication to his craft and his remarkable skills as a reporter are legendary. He has symbolised the CBS Evening News for nearly a quarter century. He’ll continue to apply his talents to everything he does at CBS News. I look forward to saluting his extraordinary tenure in the Evening News chair early next year.”
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.
