News Broadcasting
IBF for one city CAS rollout initially
NEW DELHI: A delegation of the Indian Broadcasting Foundation (IBF) today made a strong pitch for some relaxation in the government-mandated deadline for implementation of conditional access (July 14) in front of some policy makers some of whom, however, felt that the foundation itself is divided over the issue of CAS.
The broadcasters’ meeting with the Left party Member of Parliament Somnath Chatterjee-chaired Standing committee on IT, Telecom and convergence, it seems, did not have the impact that some would have liked to have.
That some of the parliamentarians felt that IBF is a divided house may be the result of the presence of Zee Telefilms chairman and managing director Subhash Chandra who is reported to have conveyed to the Standing Committee members that though India, at present, does not have the capacity to manufacture set top boxes needed to access pay channels in a post-CAS regime, but the boxes could be had from some S.E Asian countries at reasonable prices of about $ 48 a piece.
Some of the broadcasters like Sony, Star and ESPN Star Sports have been maintaining that lack of adequate number of STBs in the country from July 14 would lead to widespread chaos and confusion in Indian cable homes in the metros.
At the moment, that stand seems to carry some weight as despite Zee’s assertions on the easy availability of boxes at reasonable prices, quite contrary most multi-system operators have not finalised the orders for the boxes yet, which is likely to frustrate cable consumers post July 14.
According to political sources, the members of the parliamentary panel heard the broadcasters’ viewpoints and reserved taking any stand till its next meeting when the information and broadcasting ministry secretary is scheduled to appear before the policy makers and give the government’s viewpoint on CAS and related issues like availability of boxes.
The three-point agenda of today’s meeting included seeking reduction in duties on import of STBs, get some relaxation in the rollout of CAS, which can be probably restricted to one city (probably Chennai) instead of the four metros and that more than 30 channels should be part of the basic tier of free to air channels that should be made mandatory all over the country.
At one point, according to the sources, SET India CEO Kunal Dasgupta is understood to have said that if CAS is implemented in an orderly and phased manner, then down the line six months later even Sony may look at manufacturing STBs in India. SET is part of the Japan-based Sony group.
One of the MPs, who attended today’s meeting, later said: “The lobbies and counter lobbies for CAS seems to indicate that this is all a game of advertising revenue and the impact of CAS on such revenue.”
Another parliamentarian felt that the broadcasters looked a divided lot; a clear division that can be seen as a battle between the Indian broadcasters and their foreign-owned counterparts.
Those who attended today’s meeting included Prasar Bharati CEO K.S. Sarma, Chandra and his brother Jawahar Goel, Star India CEO Peter Mukerjea and IBF secretariat’s Bhuwan Lall.
Sahara TV president Mahesh Prasad did not attend the meeting with the Standing Committee as, according to sources close to him, he did not want to be a mute participant in a process where he had fundamental disagreements.
The IBF is slated to meet on Monday to further discuss the issue of CAS as also a show cause notice that has been issued to Prasad.
But the big question is: whether petitioning before the Standing Committee would bear some results? Simply because the panel on its own constitutionally cannot take up any issue (like deferment of CAS) , which have to be referred to it by Parliament.
Will Parliament awaken to the impending chaos that may result post July 14? Intezaar kare kuch samay.
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.
