News Broadcasting
Damian Grammaticas new South Asia correspondent for BBC News
MUMBAI: BBC News has appointed Damian Grammaticas to the post of South Asia correspondent, based in the BBC’s hub bureau in Delhi. A well-known journalist with over a decade’s experience reporting for the BBC from various parts of the world, Grammaticas will be reporting on news stories from South Asia across BBC World television, BBC World Service radio and the BBC News website, according to an official statement.
BBC south Asia bureau editor Paul Danahar says: “At a time when India, and indeed South Asia, is holding focus on the global stage, the BBC is committed to its role, as the world’s leading broadcaster, to report on the developments in the region to the rest of the world. Damian is an experienced journalist. His sensitivity and understanding of local perspectives has always reflected in his reportage. I am very pleased that he is joining the South Asia bureau. His insightful reporting will add to the BBC’s newsgathering strengths in this region.”
Damian Grammaticas adds: “This is an exciting time to be reporting on South Asia. Some of the most important stories of our day are concentrated here – be it India’s rise as a future global giant, or the struggle to control international terrorism, or the enormous changes brought by the region’s economic development. Reflecting the intricacies of these events, and the millions of individual, human stories they entail, is my challenge. It’s my privilege to be a witness to such important times.”
In his previous assignment as the BBC’s Moscow correspondent, he has reported extensively from the countries of the former Soviet Union. He fronted the BBC’s coverage of the important news events such as the ‘Orange’ revolutions in Ukraine and Georgia, the conflict in Chechnya, the resurgence of Russia under president Putin, the lasting effects of the Chernobyl nuclear disaster, and the tragic Beslan school siege.
Prior to that, he was the BBC’s Hong Kong correspondent, when he covered stories from Hong Kong, China, Taiwan, Korea, Japan, Thailand, Australia and the Philippines, including the Philippines revolution that overthrew president Joseph Estrada, the deposing of president Abdurrahman Wahid in Indonesia, the Bali bombings, and the brewing crisis over North Korea’s nuclear programme.
He was also involved in the BBC’s reportage of the war in Afghanistan, including the battle at Tora Bora in 2001, and the US-led invasion of Iraq in 2003. He has also done short stints of reporting from Israel and Washington, informs the release.
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.
