News Broadcasting
MTV Movie Awards garner all time high online votes
Online voting for this year’s MTV Movie Awards has crossed the eight million mark, an all time high, says the channel. The figure represents an increase of 75 per cent over last year.
Nominees for the 2002 MTV Movie Awards were chosen through a poll of MTV and MTV2 viewers, an official release says. MTV, MTV2 and MTV.com viewers, voted from 23 April till 18 May online via MTV.com or by telephone for selecting the winners.
The eleventh edition of the show will be taped on Saturday at the Shrine Auditorium in Los Angeles and will air on 6 June at 9 pm (ET/PT). A highlight of the show will be Kelly Osbourne performing her cover of Madonna’s Papa Don’t Preach for the first time ever. Actors Ben Affleck (The Sum of all fears), Vin Diesel (Boiler Room), Winona Ryder (Reality Bites) and Oscar winner Jennifer Connelly (A Beautiful Mind) are among the star-studded list of presenters. The show will be hosted by Jack Black and Sarah Michelle Gellar of Buffy: the Vampire Slayer fame.
The show will be available to a potential viewing audience of over one billion people through MTV’s 35 channels reaching 382.1 million households around the world as well as through syndication. MTV.com will feature convergent as well as original interactive programming.
Official sponsors of the event include 7 Up, GM, Apple, Hyundai, Nike, Visa and Mars.
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.
