News Broadcasting
Echostar names new president, vice chairman
MUMBAI: US direct-broadcast satellite-television provider EchoStar Communications Corp. has appointed Michael A Neuman as president and chief operating officer, overseeing day-to-day operations.
The company has also appointed board member Carl Vogel as vice chairman. Vogel will focus his efforts on financial and strategic initiatives as a full-time employee of the company.
Neuman, most recently the president of Bell Canada Enterprises subsidiary Bell Mobility, fills a post that had been vacant for more than a year. He led Canada’s leading wireless carrier to its most profitable growth in its 19-year history. He was with Bell Mobility for three years and previously served as president of Bell ExpressVu Satellite Television, WorldLinx Telecommunications and Cerberus Canada, states an official release.
“I am excited about joining the company that has been such an innovator in the pay-TV industry,” Neuman said, “and I look forward to the role I can play in advancing EchoStar’s push into some dynamic new products and services.”
Vogel joined EchoStar’s board of directors in May. Most recently, he was president and chief executive officer of Charter Communications, a Fortune 500 company. Prior to joining Charter, Vogel held various senior executive positions with companies affiliated with Liberty Media Corporation and was responsible for portfolio investments in subscription television, content distribution, broadband, telecommunications and satellite sectors worldwide. He was also chairman and CEO of Primestar and CEO of Star Choice until each company was sold or merged with other satellite operators, the release adds.
Vogel, who was EchoStar’s president from 1994 to 1997, was a key member of the executive team that created DISH Network.
“EchoStar’s combination of energy and entrepreneurialism gives it a unique place in the media industry and I’m thrilled to be back,” said Vogel. “EchoStar has built a significant business and an excellent relationship with its customers, providing a platform and a balance sheet to participate in a number of new opportunities for an expansion of its business that would add value to our customers and shareholders.”
EchoStar Chairman and CEO Charles Ergen said the Company is delighted to acquire the services of both executives at such a competitive time in the industry.
“We are fortunate Carl and Michael have joined the EchoStar team,” said Ergen. “Their knowledge of the industry and managerial talent will strengthen our Company and position it for continued success.”
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.
