News Broadcasting
Ready for the future or face customer desertion: Chandra
MUMBAI: “It’s the end of TV, the way we know it.” That was Zee group chairman Subhash Chandra introducing his keynote at the plenary session today – Digital Entertainment Living.
The thrust of Chandra’s presentation could be said to be the common strand running through most of the sessions on Day 2 of Ficci Frames 2006, which is that the future was the consumption of content would be according to individual requirements and on the go as it were – how you want it, when you want it, where you want it.
Chandra spoke of a five point agenda that his company had laid out as its course into the digital future.
These included the need for segmentation of content; innovation in pricing; experimentating with new content ideas; seamless delivery across various platforms; and fourthly, essentially extending the preceding points, the absolute need to prepare for the future if loyalty of consumers was to be preserved.
Said Chandra, “We have to segment our content. Segmentation will become very important. Content needs to be individualized, personalized.” He also pointed to the possibility that it would not just be programming that was customised but advertising as well. Advertising directed at individuals rather than a mass audience will become possible, the Zee head honcho averred.
Expanding on the point of seamless delivery across platforms, Chandra made a strong case for the need to move towards opens standards rather than focusing on proprietary control.
Chandra warned that it was essential that broadcasters “prepare for the future otherwise consumers will desert us.”
Chandra said that the huge effort that was currently on to digitise Zee’s entire content library (1,500 movies, 50,000 hours of TV) in partnership with IBM was part of that effort. Chandra estimated that it would be another year before the process was complete.
Another key initiative in that direction, announced earlier in the day in partnership with chip maker Intel, is a separate company Digital Media Convergence Ltd (DMCL) to be headed by Zee Telefilms president Abhijit Saxena, Chandra said. DMCL’s brief was to acquire, digitize and make available on various platforms, a wide variety of content, he pointed out.
Speaking to Indiantelevision.com on the sidelines of another session, Saxena said that DMCL would become fully functional only after Zee’s content offering had been completely digitised. The interim period (one year) would be spent in acquiring content from a variety of vendors across the globe, Saxena said.
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.
