News Broadcasting
News broadcasters seek government help to overcome corona crisis
MUMBAI: The News Broadcasters Federation (NBF), the trade organisation that represents the combined interests of the news broadcasting industry on Monday sought the immediate intervention of the central government to overcome the larger economic, social, financial and business impact arising out of the combat measures and lockdown initiatives across the country that threaten the survival of the news television channels.
Prime Minister Narendra Modi, during his televised address to the nation, on March 19, equated the news broadcasting sector in line with essential services, is a crucial acknowledgement of the important role of news broadcasters in rendering public service in such a critical situation which the nation is facing currently.
In the memorandum presented to the Prime Ministers’ Office, Ministry of Information and Broadcasting, and TRAI etc. the NBF has sought government intervention to combat the financial and business impact on the news broadcasting sector.
To overcome the financial impact, the federation has requested the government to relax and offer tax concessions including lowering GST rates and filing dates, postponing the deadline for TDS payments, for at least a minimum period of three months, until June 30, 2020. The federation has also asked the government to waive off the fees for news channels on DD Freedish platform for March and April 2020. The NBF has also sought extension in deadlines for compliance, since employees handling regulatory issues are currently working from home.
“The NBF strongly stands and supports the Government of India’s proactive measures to combat spread of COVID-19 virus, which has posed a health and economic threat to the country. This extraordinary situation required the government to take extraordinary measures to save the news broadcasting sector that performs a public service for free. Else, we perish,” said NBF President Arnab Goswami.
The news broadcasters are facing slowdown of business operations and severe shortfall revenue as it has curtailed the flow of advertisement which is the largest source of revenue for FTA news broadcasters. The measures have also severely impacted cash flows due to lower collections of payments since clients are also scaled down their business operations. At the same time, the operating costs on connectivity and communications have tremendously increased due to the lockdowns while ensuring the safety of employees.
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.
