News Broadcasting
Eric Freeman named Walt Disney Internet Group vice president technology
MUMBAI: The Walt Disney Internet Group (WDIG) has appointed Eric Freeman as vice president, technology, with responsibility for the Walt Disney Parks and Resorts Online.
Freeman will lead the charge in driving technology development of the web properties and new media activities for The Walt Disney company’s theme parks and resort hotel properties, including information websites, e-commerce and online attractions.
Freeman returns to the Walt Disney Internet Group after a two-year stint with O’Reilly Media Inc., where he co-directed and co-authored the publishing firm’s “Head First” series of technical reference books, including the award-winning Head First Design Patterns and the bestselling Head First HTML.
“We’re thrilled to welcome Eric back to our team. There are few people with his level of credentials in theoretical and practical technology, and his forward-thinking abilities will be a valuable asset in helping us stay ahead of the curve in a rapidly growing and changing category,” said Walt Disney Internet Group executive vice president and chief technology officer Douglas Parish.
Freeman originally joined the Walt Disney Internet Group in 2000, where he initially acted as a director in the company’s portal division. He later served as director of engineering, driving development in the areas of broadband, wireless, media content distribution, wireless technology and content syndication. This includes co-inventing WDIG Motion, a proprietary, patent-pending Internet technology allowing broadband users to view high-quality video, embedded in standard Web pages, without impacting narrowband users’ experiences.
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.
