News Broadcasting
Essel targets January 2007 launch of digital venture; plans web portal
MUMBAI: Subhash Chandra-promoted Essel Group will unveil a set of digital initiatives under the banner of its newly-formed digital arm Digital Media Convergence Ltd (DMCL) by January 2007, including a web portal.
The plan is to explore new media platforms such as mobile and IPTV and the online space in a full-fledged manner to distribute various formats of digitised content.
“We will be unveiling our initiatives in three months time. We are going to create various in-house formats and shows. Apart from this, we are speaking to various foreign players as well to acquire internationally acclaimed formats. We are sending a special programming delegation for the upcoming Mipcom session. Though the stress is on delivering fresh content, we are keen on the Zee digital library as well,” says DMCL CEO Abhijeet Saxena.
DMCL will concentrate on acquiring, digitising and making available content on various delivery platforms. “Apart from our library products, we are keenly looking at providing our services to all the content owners who want to distribute their content in these platforms. The company will also be exploring the interactivity segment to tap the potential this space offers to the maximum,” Saxena adds.
To enrich its platforms, DMCL will be creating special interest content, apart from making use of the Zee Network library on a selective basis. DMCL has already initiated talks with various Indian as well as international companies to acquire programming formats and various genres of content.
According to Saxena, the company is thinking beyond mobisodes and other existing mobile value added services (VAS). He says the plan is to launch multiple formats of shows, targeting various segments of the consumer.
“We have thought about the viability of the services from a consumer point of view and the practicalities of making it a popular medium. Hence, we will offer various price rates depending on the duration and uniqueness of the formats. For example, we are working on multiple formats for movies, not just abridged versions. To market these multiple segments, we have classified the services into premium and mass oriented,” Saxena offers.
DMCL expects to contribute to the mobile VAS in a significant manner with the initiatives. “The existing mobile VAS market size comes about $500 million and this space is expected to reach $10 billion by 2010. DMCL expects to be a major contributor to the expansion,” says Saxena.
DMCL has recently roped in Intel and IBM for its back-end technology support. The company has already brought most of the telecom operators on board for the initiative.
News Broadcasting
Network18 posts Rs 1,955 crore revenue, narrows FY26 losses
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.
