News Broadcasting
Republic TV loses veteran operations chief after eight-year stint
NEW DELHI: Hersh Bhandari, chief operating officer of Republic Media Network, has called time on his eight-year tenure at the news broadcaster, announcing his departure in a LinkedIn post that urged colleagues to “ignore all rumours” about his next move.
The media veteran, who has spent three decades climbing the ranks of India’s television industry, said he was taking a “small break to reinvent myself and gear up for the next adventure.”
His departure marks the end of a significant chapter for Republic TV, where Bhandari served as both chief operating officer for the broader network and chief executive officer of Republic World since December 2018.
In his farewell message, Bhandari thanked Arnab Goswami and the editorial team for their “intensity and support”, while crediting his time at Republic with teaching him strategic thinking and leadership skills. He described the experience as helping him learn “great entrepreneur lessons” and draw “inspiration from colleagues every single day.”
Bhandari’s career spans some of India’s most prominent media houses, including a six-year stint at Times Network, where he served as vice-president of sales and national revenue head for Times Now. Before joining Republic, he spent nearly two years as national revenue head at TV Today Network.
His media journey began in the 1990s with a marketing role at Star TV Network, after cutting his teeth in the clothing industry with a seven-year tenure at Pepe Jeans London. At Times Network, he also held senior positions at Zoom, serving as vice-president and national head for four years.
The executive, who describes himself as an “avid enthusiast of sports and music,” has built a reputation for driving growth across people and media operations. His LinkedIn profile carries the motto: “No matter how far down we may be, we are never too far down to come back.”
Republic Media Network has not yet announced a replacement for Bhandari’s role. The news comes as India’s television news sector continues to face intense competition and evolving viewer preferences in the digital age.
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.
