News Broadcasting
Creevey joins CNBC Asia Pac as sr VP
MUMBAI: CNBC Asia Pacific has appointed Gregg Creevey as its senior vice president, distribution and channel strategy, effective 19 July 2004.
A television industry veteran with extensive experience in the Asia Pacific region, Creevey will oversee subscription-based sales of CNBC Asia Pacific networks for distribution within the territory, and establish mobile (it is not just the Star Group that is gung-ho about the potential of wireless telephony) and syndication strategies.
Creevey will also be responsible for expanding network and programming distribution to terrestrial broadcasters, commercial establishments, financial institutions, hotels and airlines across the region. Additionally, Creevey will be working closely with CNBC’s strategic partners to improve the brand’s presence in all of the markets that the channel serves. He will also oversee CNBC’s distribution of the MGM channel in the region.
Creevey has over 16 years of experience in the Asia Pacific broadcast industry, and was previously one of the longest standing and most experienced executives at Turner International. Most recently the senior vice president, network distribution and content sales, for Turner International Asia Pacific, Creevey spearheaded several successful initiatives, including the implementation of a dedicated CNN service in Japan, negotiating for CNN to be the first licensed foreign retransmission cable channel in Korea, and identifying the first mobile content deals for Cartoon Network in Asia.
A pertinent aside to Creevey’s move to CNBC is that the outflow of key personnel that Turner has been witnessing in the recent past is not just restricted to India. Turner India’s executive director, strategic marketing Nikhil Mirchandani and research director Pradeep Hejmadi have moved to National Geographic and Nickelodeon respectively.
“Gregg Creevey’s experience is second to none in terms of developing and executing fee-based strategies for well known television brands in Asia,” said Alexander Brown, president & CEO of CNBC Asia Pacific. “His charter will be to execute an aggressive network distribution strategy to further penetrate the Asia Pacific markets, particularly in regions such as China, Japan and Korea. With his in-depth understanding of the industry and the region, Gregg will be a tremendous addition to CNBC Asia Pacific’s senior management team. We are confident that his leadership will further strengthen CNBC Asia Pacific’s position as the region’s leading business news broadcaster.”
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.
