News Broadcasting
Paul Yanover appointed MD and EVP of Disney Online
MUMBAI: Walt Disney Parks and Resorts Online (WDPRO) head Paul Yanover has been named executive vice president and managing director of Disney Online (DOL).
DOL is the business unit of the Walt Disney Internet Group (WDIG) that produces the top entertainment destination for kids and families on the internet. The appointment was announced today by WDIG president Steve Wadsworth and is effective immediately.
He will be succeeded at WDPRO by Edward Kummer, who previously served as vice president of creative development and production for that business.
“Paul has been a driving force in digital media within our company for more than a decade, most recently with our Parks and Resorts group, building its website portfolio into a substantial e-commerce business. I’ve worked closely with him for the past three years and know he brings a strong vision that will take our business to the next level during this time of great opportunity for Disney Online, when more and more consumers are turning to the Internet as a key source of entertainment,” said Wadsworth.
In his new capacity, Yanover will assume responsibility for all of DOL’s strategic, creative, technical and marketing initiatives surrounding the presence of the Disney brand on the internet, including flagship site www.disney.com, which will undergo a major redesign and strategic development initiative over the next several years; DOL’s acclaimed suite of premium broadband products including online games; a large portfolio of divisional Web sites for The Walt Disney Company (TWDC); and Web sites www.familyfun.com, www.go.com and www.movies.com.
Yanover will succeed Ken Goldstein, who is leaving Disney to pursue another opportunity. “Ken has made great contributions to WDIG over the past eight years. We wish him well in his next venture,” said Wadsworth.
Yanover was responsible for developing and launching Virtual Magic Kingdom, Disney’s online multi-player adventure game that allows Disney fans to experience the magic of Disney Theme Parks from their own home.
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.
