News Broadcasting
DD seals ICC cricket terrestrial telecast deal; WSN to handle air time sales
MUMBAI: Sony Entertainment Television, which has the cable and satellite telecast rights for all ICC cricket tournaments including the next two World Cups, has a serious fight on its hands for the advertising pie from national broadcaster Doordarshan, which has secured the terrestrial rights for the ICC World Cup cricket tournaments.
As per the terms of the acceptance letter that came in this evening from World Sport Nimbus on behalf of Rupert Murdoch’s News Corp subsidiary Global Cricket Corporation, the GCC has reached a revenue-share agreement with Doordarshan whereby advertising revenues will be split on a 80:20 basis. This was confirmed to indiantelevision.com by a senior official of pubcaster Prasar Bharati today. The deal was actually reached last evening though.
World Sport Nimbus (WSN) will not only be handling marketing and ad sales for DD, it will also be the producer of all the shows that are developed around the events. As for the matches themselves, it is responsible for the technical arrangements and will produce and deliver the signal to Doordarshan at its uplinking facility.
Three DD channels – DD1, DD Metro and DD Sports – will be used as platforms to push the cricket. While, the actual match telecast will be on DD1, what is envisaged is programming around cricket that will run year-round but will build up in intensity as each individual tournament draws near.
According to sources, WSN will be running vignettes and interstitials on DD1, programming through the week on DD Metro and weekend programming on DD Sports.
One advantage (which will allow for seamless programming on match day) as far as pushing ad sales is concerned is that DD has guaranteed that all news bulletins will be shifted to DD Metro, sources say. Before each game there will be a one-hour pre-match special as well as a post-match half-hour wrap that WSN will produce.
And in what should serve as a notice to Sony, DD has already got on board big spenders Pepsi, Hero Honda and South Korean electronics major LG as advertisers. All three are World Cup sponsors.
It is clearly a win-win situation for DD as it has negotiated a guaranteed revenue for each of the World Cup matches it telecasts. This ranges from Rs 7.5 million for the early rounds to Rs 17.5 million for the semis and the finals.
The revenue-share deal between GCC and Doordarshan calls for telecast of 15-18 of the total 54 matches in each of the World Cups. These will include all India matches, the semi-finals and the finals, as well as the Super Six matches involving the best teams. In the Champions Trophy or Mini-World Cup Series, DD will telecast live 8-10 of the 15 matches.
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.
