News Broadcasting
Increase in FDI cap: a boon or a curse?
MUMBAI: From a recent speech of Information and Broadcasting (I&B) Minister Arun Jaitley, speculation was drawn of a probable increase in foreign direct investment (FDI) cap from 26 per cent to 49 per cent. The current government has always been in favour of FDI and on numerous occasions stated FDI as one of the major aspects behind economic growth and reform.
The government has already taken steps towards increasing FDI in various departments, railway and defense being among them. Hence the speculation of increase in FDI cap in media may soon turn into reality.
Foreign investment will certainly ensure development of channels, more employment and better quality, but will it in return take away editorial freedom? Will Indian media be a victim of foreign dictatorship or will it manage to keep its integrity alive despite foreign investment? Will we have Indian CEOs and reporters after the investment or will strategic affairs slip away from Indian entrepreneurs? A larger democratic debate on the issue is extremely important and Indiantelevision.com took the initiative to find the answers from media stalwarts.
NDTV executive vice chairperson KVL Narayan Rao said, “On this FDI development my comments are personal remarks and not a point of view of the company. I welcome this increase whole heartedly as it will allow more investments and result to better service in terms of producing quality programmes. And the only difference we are having is added investment; we will continue to have Indian editor in chiefs, reporters and video journalists.”
On the speculated increase in FDI cap to 49 per cent, News Nation network CEO RK Arora said, “Increase in FDI will be extremely favourable, news industry needs to expand and the increase in FDI cap to 49 per cent will be a boon for us. Moreover we see increase in other departments so why not in this industry. If we are to match the standards with international content we need investments from foreign investors.”
For Arora, there is no harm in increasing FDI to 49 per cent “but the investment should not dictate the strategic affairs, and there shouldn’t be any interference in editorial freedom,” he added.
Though the news industry is extremely positive about the possible increase, none of them are ready to compromise with strategic and editorial affairs.
Focus News managing editor Shailesh Kumar said, “If FDI is increased in news it would be a very good decision as most of the channels are going through a tough time and we need investment from other sources to rejuvenate the industry.”
ABP News CEO Ashok Venkatramani is of the same opinion. “We (ABP News) are in total favour of the increase and I don’t see any possibilities of editorial or strategic affairs getting influenced due to any investment. If this actually happens then we will develop and grow big. Hence I am very happy that the point has been raised. We welcome the increase in FDI cap,” he said.
No second thoughts came from any of channels; while they unanimously welcomed the increase in FDI cap to 49 per cent, they also held a firm grip on not compromising with editorial or strategic affairs.
Now it remains to be seen how things develop and whether the issue is debated at the top level. Considering the fact that the current government is concentrating on building an open market scenario to ensure economic growth and reform, speculations of a possible increase in FDI cap to 49 per cent can soon be a reality.
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.
