News Broadcasting
Fox to roll out red carpet for ‘Celebrity Idol’
MUMBAI: Over the past few years the music based reality show American Idol has taken US broadcaster Fox from strength to strength. Now the broadcaster is planning a celebrity spinoff of the show.
The twist is that instead of watching gifted unknowns competing viewers will watch famous stars competing for glory on Celebrity Idol. Media reports state that the format company FremantleMedia and 19 Entertainment have given the nod. The Idol team of Simon Fuller, Nigel Lythgoe, Cecile Frot-Coutaz and Ken Warwick will produce the project.
Ten famous people go head to head for a $1 million prize, which would go to the winner’s charity of choice. It will be interesting to see if Simon Cowell has the guts to make sarcastic remarks about the participants.
Meanwhile, NBC earlier this week announced its latest reality series, I’m a Celebrity But I Want To Be a Pop Star. The show will feature celebs from the worlds of film, television and sports doing their best imitations of rock stars for an audience who will determine their fates.
As far as the Celebrity Idol stunt is concerned Fox exec Mike Darnell was quoted in Daily Variety saying that the plan is to go for the biggest talent possible in terms of the celebrities who would make up the cast.
“We’re looking for people who can sing but aren’t known for singing” Darnell said. Fox isn’t the only network to come up with the bright idea of showcasing the musical chops of celebrities not known for their singing skills.
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.
