News Broadcasting
Regulatory bill for TV channels soon, Govt tells SC
NEW DELHI: The Ministry of Information & Broadcasting is under intense pressure from the judiciary on the issue of a content code and has informed the Supreme Court that it is soon going to introduce a Broadcast Regulation Bill and Content Code.
The ministry has told the court that it has set up a committee comprising its own officials, as well as those from the ministries of women and child welfare, health and the trade body Advertising Standards Council of India to look into the issue.
The apex court had asked the ministry to respond to a writ filed on by Pilot Baba that a news sting show on him had been doctored and put him in a bad light, and asked what the government was thinking on these lines.
This is the third court order and suggestion on the sticky issue of content on news TV. The Delhi HC had already issued an interim order last month on media bodies and to the I&B officials to discuss the issue of stings and content, and report it to the HC within the next month.
Earlier, the Delhi HC had suggested that the ministry look into forming a committee to vet every sting operation before it is aired. Alhough that was not an order, indications from Shastri Bhavan in the wake of the SC case are that there could be little option now but to do something on these lines.
Government sources pointed out the Mumbai Police banning two channels for repeatedly showing the recent violence and distorting events in the process.
The violence let loose by Raj Thackeray’s MNS workers on the North Indians and Big B in Mumbai had taken place on Sunday last. But way through Monday, it was being shown on all channels, giving the impression that the violence remained uncontrolled.
Mumbai Police has said that this was a distortion because the violence had taken place for less than an hour and communal passions were being stoked by showing the same clippings throughout the day.
The ministry had already told Indiantelevision.com that the repetition of scenes of violence and distortion of time and the extent of such violence will not be tolerated and the editors of channels must take a call on that, but the recent reportage has again shown that the media is not listening, insiders said.
Insiders also said that the ministry had decided to give the News Broadcasters Association (NBA) some more time as the current thinking was to take the industry along for an inclusive Content Code. This seems to be the reason why the government has not taken any action when the NBA failed to send its own draft code as promised on 31 January.
However, the situation as it is panning out from the court’s mood is leaving the ministry with very little option but to usher in the Content Code and a regulatory mechanism.
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.
