News Broadcasting
FM players fear community radio interference
MUMBAI:They may be as different as chalk and cheese in their outlook and content.
But the proposed entry of short range community radios is not being viewed too kindly by private FM operators in the country. The Indian government recently announced its plans to revolutionize radio broadcasting in the country by allowing low power radio stations in major localities. 5000 such stations will shortly spring up across the country, with educational institutions being given the first go ahead for the venture.
Star India Radio CEO John Catlett feels that while the government move is directed by good intentions, it will only add to the clutter of frequencies available in say, a city like Mumbai. The low cost community FM radio centers with a five kilometer range are to be set up without any license fee, as per a draft cabinet proposal currently doing the rounds. The stations can be set up with an initial investment of Rs 500,000 to 1000,000. India’s spare spectrum capacity is to be utilized for allowing these stations to come up.
The catch however is that while these stations can provide entertainment, they cannot solicit commercials and have to be funded jointly by individuals or by organizations. Catlett says that while the community stations are not a threat to commercial stations who by their very nature are market oriented, the new entrants could add to the confusion about the identities of channels and frequencies – a problem that stations are trying hard to overcome. Catlett says the private FM operators are planning to come together on an industry platform to speak collectively to the government on the issue and to convince the powers that be of the practical difficulties of the proposal.
While private FM is available in four metros and 19 FM bands are being broadcast, community radio is expected to literally throw open the floodgates to at least 5,000 neighbourhood stations that will start airing niche content from early next year. As soon as the Union cabinet gives clearance, the wireless planning and coordination department of the telecom ministry will step in, allocating the frequencies for every neighbourhood radio centre.
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.
