News Broadcasting
Fox and Burger King bring hit shows to MySpace.com
MUMBAI: News Corporation’s Fox Entertainment Group and Burger King Holdings, Inc. have teamed to offer hit Fox programming free of charge to the more than 75 million members of MySpace.com.
MySpace.com is Fox Interactive Media’s popular online social networking site. This promotion marks the first time that network TV content is being made available on a series basis through MySpace, as well as MySpace’s entry into the ecommerce arena.
The promotion launches 22 May, in conjunction with the season finale of the record-breaking fifth season of 24. MySpace users will be able to download-to-own two episodes of the Fox drama at no cost from a special ‘Have It Your Way’ page provided by Burger King. Both the very first episode from 24’s first season and the first episode of the current season will be available. Also offered at launch will be an episode of Speed’s Pinks and Fuel TV’s FirstHand.
In addition, MySpace will create a social network around 24, where users can interact with each other, create user generated content and download the entire first and fifth seasons of the top-rated drama for $1.99 per episode.
“This is truly the perfect marriage of compelling content, an extremely creative advertising partner and the Internet’s leading site for young adults. It really exemplifies our overarching strategy of doing deals that make sense organically, and we have high hopes that MySpace users will find it an attractive offering,” said Fox Entertainment Group president digital media Peter Levinsohn.
“It’s the ultimate ‘Have It Your Way’ experience. We’re giving consumers what they want with the choice of free shows – wherever and whenever they want to watch them – and the ability to talk about those shows in the social networking environment of MySpace,” said Burger King Holdings senior director media Gillian Smith.
“MySpace is the largest video site on the web with more video uploaded every day than any other site on the Internet. Our members are avid fans of these shows and are consuming video at a rapid pace, making MySpace the perfect distribution channel for programmers looking to innovate new models,” said Fox Interactive Media president Ross Levinsohn.
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.
