News Broadcasting
MRUC ready to monitor ratings systems, seeks meeting with IBF
The Media Research Users Council (MRUC), in its response to the controversy surrounding the leakage in television panel lists in Mumbai on Monday and subsequently in Chennai yesterday, today offered to take up the role of a monitoring body and ensure that the research is credible and economical.
The resolution came after a rather heated meeting held immediately after the release of the IRS 2001 Platinum Report (a study of the media and product consumption habits of India’s top 3.7 per cent sampling six metropolitan cities), has committed to offering suggestions on how to rectify the systemic collapse.
Among those who actively participated in the discussions were advertising and media doyen Roda Mehta, Rathnakar Rai, MD, Primetime-IP Media Services Ltd, Ashish Bhasin, president, Initiative Media and Andrey Purushottam, MD, Starcom.
There were some key key points that came through in the discussions:
1) Need for accurate data;
2)People meters are the best option;
3)There were definite doubts in the minds of users / industry;
4) There were concerns expressed as to the way the samples were organised – both in size terms and the bundling of panels in very close proximity.
Bhasin suggested that till a proper response was given by the research agencies (TAM and INTAM), the industry should suppress the data given by the two organisations. He also demanded the total revamp of all the panels, not just in Mumbai, but all over the country.
Purushottam urged that the merger process of the two agencies be accelerated while at the same time instituting clear controls on the functioning of the new entity with regards to data collation.
Mehta lamented the lack of investment being put into quality research by the industry saying: “A healthy industry needs good healthy research.”
She saw MRUC’s role (provided adequate funds were made available by the industry) as an overseer, designing the research methodologies and monitoring the fieldwork.
This whole exercise will be futile if funding was not made available, Mehta said.
It was also suggested that the MRUC and the Indian Broadcasting Foundation have a meeting to thrash out key issues required to be addressed so as to get things in order again.
A step that MRUC has agreed to take.
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.
