News Broadcasting
CBS’ reality show ‘Rock Star’ returns by looking for a singer for Supernova
MUMBAI: US broadcaster CBS and reality TV guru Mark Burnett have announced that musicians from some of the biggest American rock bands have joined forces to form a new band, Supernova.
They will use CBS’ reality show Rock Star as the competition to determine the new lead singer.
Supernova will feature drummer Tommy Lee (Motley Crüe), Jason Newsted (Metallica) and Gilby Clarke (Guns N’ Roses). The second edition of Rock Star kicks off later this year. Rock group INXS found their new lead singer in Canadian heartthrob J.D. Fortune.
Since the show, INXS has taken to the studio and the road, releasing their hit single Pretty Vegas and selling out every concert in their North American tour. Their new CD Switch debuted in the Billboard Top 20, and is currently going gold and platinum in countries around the world.
Burnett says, “Millions dream of becoming a rock star…our show actually makes that happen. The winner of CBS’ Rock Star will not only play in huge stadiums before sold out crowds, they will do it alongside legendary musicians from three of America’s biggest, all-time rock bands who have sold a combined total of a quarter of a billion albums: Motley Crüe, Guns N’ Roses and Metallica. Fronting Supernova is the ultimate rock ‘n’ roll dream and it’s about to come true.”
After the winning singer is selected Supernova will record an original album that will be released in the fall before the band embarks on a world tour starting in early 2007. Lee says, “I have toured with both
Gilby and Jason. They’re incredible musicians and I’ve always wanted to play with them. Starting a new band with old friends on worldwide television is going to be a blast, and we’re going to pull out all the stops to find the most charismatic and musically talented lead singer to front Supernova. I love breaking the rules.”
Bassist Jason Newsted said, “This is a fantastic opportunity for me to play with guys I’ve respected for a long time. It gives us a chance to be innovators. This is a new thing. It’s never been done before. We’re going to break new ground musically and on television. The anticipation is building in me every day. This is a supergroup in the truest sense.”
Lead guitarist and co-writer Gilby Clarke proclaimed, “Rock n’ Roll is so alive and I’m so excited to be a part of CBS’ Rock Star. This is television history. Where else can you raid three historic bands to form
one great band? I can’t wait for the summer to begin.”
Butch Walker will join the project as co-writer and producer of the new album. Dave Navarro and Brooke Burke will return as hosts, with Burke returning to the stage for introductions and Navarro returning to the judges’ couch for input and evaluations. He says, “Last year, doing Rock Star: INXS was the greatest summer job of my life. This year, I’m on the couch with my friends Tommy Lee, Gilby Clarke and Jason Newstead as they choose Supernova’s lead singer.”
The second edition of the show will also feature some format twists with a different music celebrity or rock legend each week. Navarro adds, “Friends of mine, like Slash, Macy Gray, Moby and Rob Zombie, will join us and throw in their two cents about who should stay and who should go.”
In India the first season of Rock Star had aired on Star World.
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.
