News Broadcasting
Katie Couric to be anchor & managing editor of CBS News
MUMBAI: CBS Corporation President and CEO Leslie Moonves and CBS News and Sports president Sean McManus announced that one of broadcasting’s most respected and popular journalists, Katie Couric is joining CBS News.
With the appointment, Couric becomes the first female solo anchor of a network evening news broadcast.
As part of the multi-year agreement, Couric will become anchor and managing editor of the CBS Evening News with Katie Couric beginning in September. Couric will also contribute to 60 Minutes and will anchor CBS News primetime specials as well, states an official release.
Couric said, “It has been a great privilege to be one of the caretakers of a television institution like the ‘Today’ show for 15 years. Joining CBS is a unique opportunity that came at the right time for me. I’m thrilled to become part of the rich tradition of CBS News and look forward to working with the many extraordinarily talented people there.”
Said Moonves. “With this move, our News Division takes yet another giant leap forward. Katie is simply one of the best in the business and represents a tremendous addition to CBS News, which continues to grow and improve every day under Sean’s leadership. Seasoned broadcasters who are at once respected, charismatic and known throughout this country and beyond are increasingly important in this fragmented media landscape. I’m proud to have a talent like Katie who personifies this rare combination of qualities, and look forward to the many contributions that she will make not only to our developing evening news broadcast, but to our entire news operation.”
Couric joined NBC News in 1989 as deputy Pentagon reporter. She began work on Today in June 1990 as its first national correspondent, which included two stints covering the Gulf War. Couric served as substitute co-anchor from February 1991 until taking over the job permanently in April 1991. She also was a contributing anchor for Dateline NBC.
Couric has anchored many major breaking news events over the past 15 years, including the September 11 attacks on the World Trade Center; the Columbine tragedy in Colorado; six Olympic Games, including the 1996 Atlanta Olympic bombing; the funeral of Princess Diana; the Oklahoma City bombing; the Timothy McVeigh execution; the Clarence Thomas confirmation hearings; and the end of the millennium coverage, which she co-anchored with Tom Brokaw.
She has interviewed an extraordinarily diverse collection of newsmakers, from presidents and prime ministers to captains of industry and cultural icons and a myriad of authors, politicians and newsmakers.
“This is an enormously proud day for all of us at CBS News. Katie joining our team signifies not only her commitment to doing first-rate journalism, but our strong commitment to producing the highest quality work done by the best reporters, producers and writers in television news. She is a key ingredient as we work towards our goal of making CBS News the number one news organization in America. This organization was built on quality and integrity, and Katie and her CBS News colleagues will continue to carry that legacy into the 21st century” said McManus.
Couric is the recipient of a George Foster Peabody Award for her March 2000 series on colon cancer. She also has won six Emmy Awards, the Society of Professional Journalists’ Sigma Delta Chi Award, a National Headliner Award, an Associated Press Award, a Matrix Award, two American Women in Radio and Television Gracie Awards, the Harvard University School of Public Health’s Julius B. Richmond Award and UNICEF’s Danny Kaye Humanitarian Award.
Couric’s broadcast journalism career began as a desk assistant at ABC News in Washington, D.C. (1979). She worked for CNN (1980-84) as an assignment editor, associate producer, producer and, ultimately, political correspondent. Couric was a general assignment reporter for WTVJ Miami (1984-86) and for WRC-TV Washington, D.C. (1987-89), adds the release.
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.
