News Broadcasting
Make discussion on Broadcast Bill more inclusive: IFJ
NEW DELHI: The International Federation of Journalists has urged the Indian government to hold more inclusive consultations and recognise the legitimate interests of journalists in the process of the proposed Broadcast Services Regulation Bill and the Content Code.
This was stated in a memorandum submitted with the endorsement of the National Union of Journalists (India) an IFJ affiliate, and two local unions from Mumbai and Delhi.
“We understand that the most recent draft of the Broadcast Bill that has been circulated for public debate is the fourth in a decade”, said IFJ Asia Pacific Director Jacqueline Park. “That its future is still uncertain, speaks of a failure of consensus-building around the purported aims of broadcast law reform”.
The IFJ has been advised by affiliates and other like-minded organisations in India that the Broadcast Services Regulation Bill in its most recent version is not dissimilar to a draft that was introduced, discussed and abandoned last year. The only respect in which the current legislative proposals differ from those of 2006 is in the introduction of a set of “guidelines” for broadcasters, or a “content code”.
“While we can appreciate a regulatory regime that seeks to curtail cross-media ownership and ensure that the broadcast spectrum is preserved as a public resource, we do not see the utility of regulating content,” said Park.
The IFJ has learnt through its affiliates that the Indian Penal Code as it now exists is adequate to deal with instances of gross abuse of media autonomy. Competent legal opinion has held that there is no basis for the prior restraint of the right to free speech, since the punitive powers available are sufficient to sanction all offences post facto.
“In the circumstances,” said Park, “the purpose of broadcast law reform should be little less than to give effect to the historic judgment of the Indian Supreme Court, that the airwaves are a public resource, which should be allocated in accordance with a broad definition of public interest.”
The IFJ, in consultation with affiliated unions and other civil society groups, would like to urge the Indian government to broaden its consultations and to explicitly grant the demand of the professional community of journalists, to be heard in the process of broadcast law reform.
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.
