News Broadcasting
Content code draft submitted to NBA
NEW DELHI: The News Broadcasters Association (NBA) has received the draft code of conduct from the member who had been entrusted with the job, and are going to take legal counsel on the issue soon, sources said.
Times Now editor-in-chief Arnab Goswami sent the draft code to the NBA yesterday, and after the process of legal opinion taking is over, the draft would be sent to all the members of the association for their study and a discussion to finalise the Code some time later, and there has been no deadline fixed for that so far.
Sources however said that the NBA would not push the deadline too far, as it is keen to submit the code to the I&B ministry.
The real problem is getting most of the other channels not based in Delhi or Mumbai to give their inputs, as the NBA leadership would like to broaden the base of the organisation as well as support for the draft code of content, so that the government is not able to dismiss it as the will of a handful of journalists.
“There is need to make this a national consensus, and hopefully we shall be able to do that, as we are keen on this,” a source in the news TV industry told Indiantelevision.com.
The code is a response to the ministry wanting to foist a code of conduct on the news channels, which the latter have slammed as an infringement of the right to freedom of speech and expression.
In fact, the government had promised to redraft the original code it had issued for consultation, and said it would keep a minimalist approach.
Despite that, in a meeting with the minister last month, the news broadcasters had refused to have anything to do with a government created code.
The key aspects of the code drafted by the NBA – though no details are being divulged about the actual content – are sting operations, privacy, decency and measures to be taken against an errant channel.
Issues as to how far is too far, and what to do with a situation like the one in which a news channel repeatedly aired the footage of a former film starlet bathing in the nude inside a jail bathroom, will be central to the concerns of the NBA code, as it had told the government that the industry was mature enough, just a few days before this scene was aired on TV.
“We have the concerns of the government relating to cultural values in mind, as the government is as Indian as we are and share the same values, but we want only self-governance, not government gagging of the media,” a senior editor told Indiantelevision.com.
Meanwhile the entire issue of Broadcast Bill and hence the government drafted code has been put on the back burner, seemingly for an indefinite time, as the PMO does not want the media upset to the extent it had become, especially with some critical elections coming round the corner.
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.
