News Broadcasting
News channels, govt welcome BARC; no to weekly ratings
NEW DELHI: News television channels have welcomed the formation of the independent, media-run rating agency, Broadcast Audience Research Council (BARC), saying competition will be good. However, they also insist that this will be meaningless unless weekly ratings stop.
The government, meanwhile, says competition in the rating sector will be good, provided the BARC partners are serious about implementing their stated goal.
Currently, Television Audience Measurement (Tam) gives weekly ratings of channels, and it also provides programme ratings each Friday, and this, according to one editor, is “what is polluting television news.”
BARC is a combined effort of the Indian Broadcast Foundation (IBF), Advertising Agencies Association of India (AAAI) and Indian Society of Advertisers (ISA). Over the next two years, it will invest Rs 900 million to set up 500,000 peoplemeters across the country, with a mix of urban-rural households.
IBN 7 managing editor Asutosh says, “Broadbasing the households is going to be good and we shall get a much clearer picture. If they are going to bring in those many boxes and spread across the country, that will have a positive impact.”
However, he adds, “So long as the Friday blues remain, there will be unnecessary competition and chasing TRPs will remain as usual, so that has to be done away with.”
Asked whether the channels have taken the issue of weekly rating up with Tam Media Research, one editor said, “No we have not, because we have only recently figured this out, and this is the real polluter.”
Aaj Tak news director QW Naqvi says, “The core issue is weekly ratings, and I do not see why it should be like that because if that remains, there will be no change in the scenario.”
Naqvi wants staggered rating announcements, arguing, “The newspapers are not judged daily, and the NRS just comes out once a year, stating simply how much each paper sold and what was the market share.
“This is a must, but look at us; we are judged weekly, programme-wise and even story-wise, and whatever clicks becomes a holy grail to be chased by the rest, so it spoils the whole ethos.”
“Even if someone does credible work, like a report on the possibility of life on Mars, and next Friday’s report says that was a hit, everyone will start going to Mars and Jupiter, distorting the whole scientific issue, and this is what is spoiling news television,” adds Naqvi.
B.A.G Films & Media Ltd MD Anurradha Prasad, who launched Hindi news channel News 24 last November, says, “It is good that a second currency is coming up, and I agree that weekly ratings is a big problem, but we cannot have just an annual report on ratings and channels share.”
She stresses while the weekly rating system must go, there could be monthly reports, saying that even a biannual rating announcement would be too long.
While Trai is scheduled to hold a meeting on rating system on 7 March and finalise its recommendations latest by April third week, sources said that the I&B ministry is happy with BARC being formed. “Let there be competition, that is good,” said I&B officials.
Tam had remained absent at the meeting with a Parliamentary Committee on broadcasting that met in Mumbai last year, and the officials said that this was not looked upon kindly by the ministry.
Though admitting that weekly ratings end up skewing the news television scenario, officials say that the ministry itself was not doing anything; it has left the issue for Trai’s recommendations, expected next month.
In the meanwhile, officials added that once there is competition, “even Tam will start behaving like a good boy”.
But they also asked, “Is BARC a serious thing? We had heard of this company in a meeting here at the ministry itself, but this is the first time something has actually come out of it.”
They added, “If the channels and advertising agencies have got together and if they are serious, this will be a very positive thing.”
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.
