News Broadcasting
James Gandolfini signs exclusive producing deal with HBO
MUMBAI: Actor James Gandolfini, who stars in HBO’s gangster saga The Sopranos, has signed a three-year exclusive producing deal with the US broadcaster.
The agreement marks the first overall production deal for Gandolfini, who along with his producing partner, former Paramount executive Alex Ryan, is simultaneously launching his production shingle, Attaboy Films. Under this exclusive producing arrangement, Gandolfini will develop and produce original television programming for HBO and will also have a first-look deal for feature projects at Picturehouse, HBO’s specialty film distribution arm.
HBO chairman and CEO Chris Albrecht says, “The Sopranos is a landmark in TV, and the gifted James Gandolfini is one of the reasons for the show’s remarkable success. I am delighted that he will continue to work with the network after the end of the series.”
Gandolfini and Ryan have spent the past year developing Hemingway, a biopic written by Barbara Turner, with Gandolfini playing the title role in the film. Philip Kaufman (Quills, The Unbearable Lightness of Being) is attached to direct the drama about the tempestuous romance between Hemingway and war correspondent Martha Gellhorn. Turner, whose screen credits include Pollock and Georgia, will produce along with Gandolfini, Ryan and Peter Kaufman. Gandolfini’s managers, Nancy Sanders and Mark Armstrong, will be executive producers. The project is expected to continue development under Attaboy’s new deal, which also includes a commitment to two pilot scripts.
Gandolfini and Ryan are also developing a documentary with HBO Documentary Films. The film, whose working title is Occupation Iraq, is about soldiers in Iraq and chronicles their stories, tragedies, triumphs and homecomings.
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.
