News Broadcasting
Dish TV to come down hard on pirating cable ops
NEW DELHI: India’s first direct-to-home service Dish TV today issued an ultimatum to cable operators filching its signals.
In a rear guard action against piracy, a massive operation has been announced to crackdown on pirating cable operators who are using the Dish’s set-top boxes as a medium to illegally distribute TV channels (some of which are exclusively on the DTH platform) to the cable consumers.
According to Essel Group of Industries additional vice-chairman Jawahar Goel, “It is important to send out the message that product counterfeiting will not be tolerated as it has an extremely detrimental effect on the whole fraternity, including content creators, broadcasters, and the government.”
ASC Enterprises, an Essel Group company, holds the licence for a DTH service in the country, which is marketed under the brand name Dish TV.
According to an official statement from Dish TV, a local cable operator in Saharanpur district in Uttar Pradesh was caught by the police, along with Dish’s anti-piracy team, on Saturday for illegally showing ESPN and Star Sports through a Dish TV box when he did not have an agreement with ESS to re-distribute the sports channels.
The police has seized the errant cable operator’s infrastructure and the chip of Dish TV, which gives access to the DTH service.
Commenting on the development, Goel added, “We expect support from broadcasting and the film industry as well to take up this effort to curb piracy, which is to the tune of over 10 billion annually.”
The official statement said that of the 1.1 million subscribers of Dish TV, about 5,000 have been found to be allegedly indulging in piracy of signals. While their connections have been switched off, legal action too has been initiated against them.
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.
