News Broadcasting
Debate on cable industry in New Delhi tomorrow
The Center for Advocacy and Research (CFAR) is organising a discussion on ‘The Cable Industry and the Viewers: Setting New Norms and Standards’ tomorrow, 30 April.
The two-hour debate to be held at the Indian Women Press Corps (IWPC) office in New Delhi, plans to be the beginning of a series of interventions the centre has planned around the issue. CFAR hopes to initiate a process through which various stakeholders in the television industry come together and share their experiences and vision for the future.
Television technology has become the main concern among all its stakeholders, says CFAR. While viewers have been expressing their concern on rising subscription charges, the indifferent attitude of cable operators towards quality of service, little or no impact of digitisation on quality of images, other stakeholders (broadcasters, MSOs, cable operators and policy makers) have their own share of concerns and grievances, it notes.
As the shift from the present system to the Conditional Access System is being planned, the centre plans to initiate a process through which the stakeholders come together to find some common solutions. CFAR regularly conducts public interest research with a focus on gender and development issues, and has over the last six years, built up a consumer response to media content in the form of an audience collective called the Viewers Forum. It operates out of Delhi, Ahmedabad and Lucknow and in Nadwasarai village at Mau District in Uttar Pradesh.
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.
