News Broadcasting
MTV Asia awards gets Sugarbabes, A*Mei, Sammi Cheng, Machi
MUMBAI: What do you add to an event that is to be held on ‘romantic’ Valentine’s Day? But of course some oomph.
The MTV Asia Awards 2004 has roped in sexy British pop princesses, Sugababes, Taiwanese songbird, Chang Hui Mei (affectionately known as A*Mei) and Canto Pop ‘queen’ Sammi Cheng for the MTV Asia Awards 2004 to be held at Singapore’s Indoor Stadium on Valentine’s Day.
Besides the babe quotient, the award ceremony will also include the musical act of hip-hop group, Machi. The all boy group lives by ‘Hip-hop is an attitude and way of life’ motto. The Taiwanese band have added a unique twist to hip-hop, and created a new identity in the music scene, says a company release.
Hosted by Michelle Branch and Vanness Wu, the event boats of a glittering list of stars including 5566, Black Eyed Peas, Blue, Gareth Gates, Liberty X, Simple Plan, Stacie Orrico, Han Hong and Sun Nan (China); Iwan Fals, Mocca and Audy (Indonesia); BoA (Korea); Too Phat, Siti Sarah, Misha Omar and Siti Nurhaliza (Malaysia); Rivermaya (Philippines) and Tanya Chua.
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.
