News Broadcasting
If govt. wants ordinance on CAS, it will have to convince President
NEW DELHI: With the adjournment of the Indian Parliament sine die today, the fate of conditional access system becomes that much more nebulous. Though, some government officials told indiantelevision.com this afternoon that the information and broadcasting ministry may take the Ordinance route to bring about the implementation of CAS.
I&B minister Sushma Swaraj had got the cable TV Networks Amendment Bill 2002 first listed in the Rajya Sabha (the Upper House of Parliament) towards the beginning of this session, but had got it delisted as Opposition in the Rajya Sabha had wanted a thorough debate on the issue.
The Lok Sabha (Lower House) has already okayed the amendments to the CATV Act, 1995 through a voice vote which aims at facilitating the implementation of CAS and bring about addressability in Indian cable TV homes.
Government officials said that an Ordinance (an executive order) is a plausibility, but the government has to convince the President that the issue of CAS is of national importance and cannot wait for Parliament to pass it in the winter session. The adjournment of Parliament sine die, ahead of the scheduled date of 14 August, came about as for the past few days no business had been transacted in Parliament with the Opposition in both the Houses resorting to boycott and demanding petroleum minister Ram Naik’s resignation after irregularities in the petrol pumps and kerosene depot allotment came to light sometime back.
Even if the government promulgates an Ordinance on CAS, it has to be okayed by Parliament in the next session or it lapses six months after its promulgation.
But the Ordinance has to wait a little also if that is the route the government opts to take. The President of India is scheduled to tour the state of Gujarat over the next 10 days and may not have time to study the issue immediately.
The broadcasting industry, which was not much in favour of CAS implementation immediately, can breathe easier now, while the cable industry and set-top box manufacturers, pushing for CAS, may have to wait a while.
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.
