News Broadcasting
Formula One to carry on without hiccups on Star Sports
Speculation that the broadcast of Formula 1 racing in Asia on Star Sports was in question can now be laid to rest with the sportscaster’s assurance that coverage will continue till the end of the season.
The speculation had been fuelled due to reports of financial difficulties faced by the distributor of the programming in Asia.
ESPN STAR Sports Managing Director, Rik Dovey says there will be no break in telecast even in China and that the channel has secured rights to the event till 2005. One of the markets affected by the failed F1 broadcast deals is China, according to an ESPN Star Sports (ESS)commissioned survey, wherein F1 was ranked the fourth most popular television sport particularly with Beijing males. Overall, during the last season of the F1, viewership of the races on STAR Sports saw a 13 per cent rise in North and Southeast Asia over the previous season, says a company release.
F1 action will continue to be broadcast live each fortnight on STAR Sports Asia, STAR Sports India, STAR Sports Taiwan and STAR Sports Southeast Asia, the release says. Preview show RaceDay starts off STAR Sports’ coverage with a look at the race ahead, predictions, scenarios and past performances and how those are likely to develop in the day’s race. This is followed by live broadcast of the race before Chequered Flag gets airtime for a recap including highlights, analysis, rankings and results, the post-race press conference and the awarding ceremony.
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.
