News Broadcasting
Random House Group acquires majority stake in BBC Books
MUMBAI: The Random House Group in the UK has agreed to acquire a majority shareholding in BBC Books. The deal brings together two publishers of non-fiction as BBC Books will become part of the Ebury Publishing Division of The Random House Group under Fiona MacIntyre, publisher of the Ebury Publishing Division.
BBC Worldwide will maintain a shareholding in BBC Books and the latter will continue to license relevant book publishing rights in BBC programmes. BBC Books will, as before, work within BBC editorial and commercial policy guidelines ensuring that appropriate controls are maintained over the BBC brand.
BBC Books’ recent bestsellers include David Attenborough’s Life in the Undergrowth and Alastair Fothergill’s Planet Earth.
Random House Group CEO Gail Rebuck said, “It is exciting to announce this new relationship, which complements and enhances our own non-fiction publishing, just as BBC Books celebrates an excellent year and looks forward to a very strong autumn. We have brought together two talented creative and successful publishing teams within one division, which will continue to publish the broad and distinguished range of adult non-fiction for which both companies are widely admired.
“This combination of the best creative talent backed by Random House’s international sales and distribution capacity ensures that we can expand on existing opportunities and create new projects for the global market.”
BBC Worldwide CEO John Smith said, “We have for some time stated our intention of seeking a partner for our books business and are delighted to have reached this agreement with a publisher of the calibre of Random House. The union will bring additional scope and scale to BBC Books and enable the imprint to build further on this year’s financial success and continue to grow its enviable list. We look forward to working with our new colleagues.”
The Random House Group is one of the largest general book publishing companies in the UK. The Group is based in London with subsidiary companies in India, Australia, New Zealand and South Africa. The Group comprises four publishing divisions with 33 diverse and highly individual imprints including Jonathan Cape, William Heinemann, Chatto & Windus, Vintage, Corgi, Doubleday and Bantam Press. Novelists published by the Group include Dan Brown, Jilly Cooper, J M Coetzee, Sebastian Faulks, John Grisham, Robert Harris, Mark Haddon, Ian McEwan and Terry Pratchett.
The group’s non-fiction publishing consists of broad general non-fiction and specialist categories such as cookery, gardening, travel and business books.
News Broadcasting
Network18 trims FY26 losses as Q4 revenue touches Rs 1,955 crore, 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.
