News Broadcasting
Kevin Reilly new NBC entertainment president
MUMBAI: NBC prime-time development in-charge Kevin Reilly succeeds Jeff Zucker as the US television network’s entertainment president.
Reilly, 41, will report to Zucker, who was promoted in December to assume management of both news and entertainment for NBC and its various cable outlets, including Bravo, MSNBC, CNBC, and Spanish-language broadcaster Telemundo, according to reports.
Reily’s appointment indicates NBC’s in-house preparations for the presentation the channel and its rivals are about to make for advertisers on the programming schedules for the forthcoming fall TV season. Also, the channel prepares to merge with the entertainment assets of Vivendi Universal.NBC, a unit of General Electric Company, has ranked for most of the past decade as as the number one network in ratings among viewers aged 18 to 49, the demographic most broadcasters use as a benchmark of prime-time success.
“Kevin is perfectly positioned to help NBC to continue its tremendous run. He’s worked hard on a promising new development slate for the next year that will extend NBC’s brand and capitalize on our decade of dominance,” Zucker said in a statement.Reilly, who began his NBC career more than 15 years ago, returned to the network in the fall of 2003 as president of prime-time development in a move widely seen as setting him up to eventually succeed Zucker.
News Broadcasting
Network18 posts Rs 1,955 crore revenue, narrows FY26 losses
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.
