News Broadcasting
King Kong is coming to television exclusively on Turner in 2008
MUMBAI: Turner Brodcasting has announced that it has acquired the network premiere rights from NBC Universal for King Kong, with broadcast slated for 2008.
TBS and TNT senior VP of programming Ken Schwab said, “King Kong is one of the most popular and critically praised movies of 2005, and we are proud to add it to our stable of top-notch movies airing on TBS and TNT. Obtaining this enormously popular title demonstrates Turner Broadcasting’s continuing commitment to provide our audiences with top-notch movie entertainment.”
Since its release in December 2005, Peter Jackson’s remake of King Kong, the 1933 classic about a giant ape who falls in love with a human woman, has grossed over $215 million in the US and $540 million globally.
The film has been nominated for four Academy Awards: art direction, visual effects, sound mixing, and sound editing. Jackson and composer James Newton Howard each received Golden Globe awards for direction and score, respectively. King Kong stars Adrien Brody, Naomi Watts, and Jack Black.
Also included in the deal are TV rights for the NBC Universal movies Doom, starring The Rock, Two for the Money, starring Al Pacino and Matthew McConaughey, The Ice Harvest, with John Cusack and Billy Bob Thornton, and the second window for Prime, starring Meryl Streep and Uma Thurman.
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.
