News Broadcasting
Indo-Pak series ODI opener gets Ten Sports the ratings
MUMBAI: The first ratings numbers for the ongoing Indo-Pakistan cricket carnival are in, and maybe not so surprisingly, they are certainly not looking bad for broadcast rights holder Ten Sports.
The latest Tam ratings show that the Bukhatir broadcaster’s coverage of the first one day international between India and Pakistan on 13 March got it higher ratings than DD among cable and satellite homes.
That would in itself be hardly surprising in normal circumstances but in the light of the cable blackout that the channel is confronting in certain parts of the country (Mumbai in particular), the strong ratings showing points to one thing.
Sure, Ten was hit in Mumbai thanks to Coda (Cable Operators and Distributors Association), Pune, parts of Delhi, etc and in areas where the Star-India backed Hathway Cable and Datacom has a strong presence. However the rest of the country got the channel which ensured that distribution was not impacted as severely as has has been perceived by the media. Even RPG in Kolkata which distributes Star and Sony signed a carriage agreement with Ten.
In fact, among the big MSOs, it is only Hathway that has not reached agreement with Ten Sports. Even Hinduja Group cable arm InCableNet has reached an understanding with Ten Sports, RK Singh, advisor to Ten Sports distributor Modi Entertainment Network, told indiantelevision.com.
A look at the ratings data is revealing. For C&S, 4+, all homes, Ten’s broadcast of the evening session of the day/night game from 2:10 pm – 6:23 pm got a TVR of 8.5 putting it in the 14th position. The morning broadcast too did well at number 17 with a TVR of 7.8. This is staggering when you consider that the broadcast is for a ten hour period. The data is for the week 7-13 March.
And what of national broadcaster Doordarshan, which was using Ten’s feed? DD comes in at number 24 with a TVR of 6.4 for the evening telecast. The morning broadcast got it a TVR of 6.3.
Meanwhile, even Ten’s post-match studio show Straight Drive was did well coming in at number 39 with a TVR of 4.5. The pre-match episode of Straight Drive had a 2.8 TVR putting it at Number 73. DD’s post match show Fourth Umpire was at 92 with 2.6 TVRs.
In the end it looks like all the talk about Ten Sports being blacked out throughout the country due to the failure to successfully negotiate with the cable operators was a tad exaggerated. The immediate question of course is what spot on the ratings chart would Ten have got if there had not been a blackout, Number 1?
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.
