News Broadcasting
Network18 hires Zee Business’ Amish Devgan as executive editor
MUMBAI: The game of musical chairs in the Indian news TV channel business continues unabated. Over the last couple of months there have been many a high profile resignation and reappointment amongst those delivering news to Indian viewers. The latest to also make a move is Amish Devgan who has hopped on board Network18 as executive editor.
Devgan will closely work with Network18 news CEO and group editor in chief Rahul Joshi and consulting editor Prabal Pratap Singh. He will use his expertise to devise various strategies and plans for all the Hindi news channels under the group. Network 18 has two Hindi news channels namely IBN7 and CNBC Awaaz.
With 16 years of journalistic experience, Devgan recently moved out of Zee Media after 14 years. In his last role, he was a prime time anchor and chief editor with Zee Business and hosted the highest TRP gaining show Big Story Big Debate at 8 pm daily. The show included several debates and discussions on various current day-to-day issues across politics, economy, and financial markets with high profile political, corporate guests and experts on camera.
Devgan started his career with Hindustan Times and joined Zee News in 2002. He later moved to Zee Business in 2005. He has won several accolades in the past and has successfully created a niche for himself amongst business anchors.
A tweet from Subhash Chandra appreciating Amish Devgan
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.
