News Broadcasting
“Four smaller channels don’t match up to Times Now:” Arnab Goswami
MUMBAI: Reporting an event and informing viewers with occurrences from that event is no longer enough for a news channel in India. Week 23 of calendar year 2015 showed the television industry some never before incidences.
When the Broadcast Audience Research Council (BARC) India announced its ratings for week 22, it showed how India Today Television pipped Times Now to take the pole position in the English News genre. And that’s something Times Now did not like!
The zest to go back to number one saw Times Now and ET Now news president and editor-in-chief Arnab Goswami getting into action mode on the first day of the week, which incidentally is Sunday – a day when he is generally off action. The Sushma Swaraj – Lalit Modi controversy turned out to be just the right fodder and Goswami exploited the opportunity by covering the news as extensively as possible. The action that began in the Times Now studio certainly irked the then number one India Today Television’s Rahul Kanwal and he even took to Twitter to express his disdain by tweeting the following:
Sunday is when new rating week starts By blowing week old story out of proportion is a desperate @TimesNow trying to bolster falling ratings
— Rahul Kanwal (@rahulkanwal) June 14, 2015
Not only that, another tweet from Kanwal read as below:
.@TimesNow was displaced from its perch as No 1 channel by @IndiaToday last week. Desperate tactics to reclaim position by hook or crook?
— Rahul Kanwal (@rahulkanwal) June 14, 2015
While Goswami in his coverage mentioned time and again that he broke the Keith Vaz – Lalit Modi story, Kanwal tweeted his reservations thus:
Keith Vaz-Modi was first broken by @thesundaytimes When a channel claims they broke the Sushma story it's a blatant lie. Fooling viewers.
— Rahul Kanwal (@rahulkanwal) June 14, 2015
The week got over, Times Now regained pole position after securing 345 (000s sum), whereas India Today Television managed 151 (000s sum) followed by NDTV 129 (000s sum).
Commenting on the ratings and indirectly responding to Kanwal and other channels Goswami said, “My experience has been that leadership is built by doing the news, not by negative marketing campaigns. Each time someone mocks or apes us, our viewership grows. There is a big lesson in this fact. Besides, the massive public response to our LalitGate expose matches the growing number of our viewers. Four smaller channels don’t match up to Times Now. I think it is time for the smaller channels to realise that aping the leader, or spending a lot of money mocking the leader is futile.”
Now it remains to be seen if this jingoism continues and how it affects viewers and if ever any other channel succeeds to grab the pole position. Overall, not only is the news industry providing news, it is also making headlines.
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.
