News Broadcasting
CNN announces appointments for Jerusalem bureau
MUMBAI: Tom Fenton has been appointed CNN’s Jerusalem bureau chief. He takes up this position next month.
Fenton is currently the VP and deputy managing editor of international newsgathering at CNN’s headquarters in Atlanta, Fenton joined CNN in 1986. Before moving to Atlanta, he was CNN’s Frankfurt bureau chief covering international breaking news in Central Europe, Eastern Europe, the Middle East and Africa.
CNN Intl MD Chris Cramer was quoted in an official release saying, “Jerusalem continues to be one of CNN’s most important newsgathering operations and Tom is one of the most accomplished senior editors I know. Tom’s award winning coverage from Africa and his role in coordinating CNN’s oversees coverage during 9/11, the Afghan and Iraq wars from CNN’s Atlanta headquarters underscores his abilities and the importance CNN attaches to this appointment.”
In his current role, Fenton played a central role in coordinating CNN’s coverage in Iraq and Afghanistan. As one of CNN’s senior field producers, he has covered events in Israel and the Palestinian territories and across the Middle East as well as in Eastern and Central Europe. His coverage from Africa won the prestigious Edward R. Murrow and News and Documentary Emmy awards for his reports on the child soldiers in Sierra Leone.
Meanwhile CNN reporter John Vause, currently CNN International’s North American correspondent, based in Atlanta, has been appointed CNN’s Jerusalem correspondent. He too takes up this position in November. Earlier this year, Vause who joined CNN a couple of years ago, won the Atlanta Press Club ‘Journalist of the Year’ award for his reporting from Israel and Palestine.
Since joining CNN, Vause has reported extensively from across the US, including New York, in the aftermath of 9/11. He also covered the war in Afghanistan and anchored CNN International’s coverage of the war in Iraq from the network’s studios in Kuwait City.
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.
