News Broadcasting
Republic TV seeks more involvement in NBA India ahead of AGM
MUMBAI: It has shaken up the Indian news broadcasting space within just a few months of its existence. Now, Republic TV, co-promoted by Arnab Goswami, is seeking to sweep clean the functioning of an industry body— the News Broadcasters’ Association of India or NBA, which, incidentally, is holding its tenth annual general meeting next week.
Though recently it was inducted into the NBA India as a member, Republic’s Arnab, earlier in May, had dubbed the news outfit as a “cabal” and a “toothless body used for lobbying” by a chosen few people. Republic TV has now urged its concerns on the alleged “undemocratic” ways of NBA India to be discussed in the next meeting of the industry organization.
In a letter signed by its CEO Vikas Khanchandani and addressed to NBA India secretary general Annie Thomas, Republic TV has expressed that it would like to be an active participant in the process of addressing and finding solutions for the news broadcasters’ collective concerns.
However, it has pointed out that a couple of governance practices in NBA India’s charter are preventing it being an active participant, labelling them as quite “undemocratic.”
Amongst these is the provision that allows for seven “permanent” members. Republic TV’s assertions — “this may have been necessary in the early stages of the association, but maintaining a continued preferential even today is unjustified” — could very well set the cat amongst the pigeons if the note to NBA India is discussed at next week’s AGM and an amicable solution is not arrived at.
The second objection of Republic TV is a provision that the NBA India board has been given powers to “induct up to two permanent directors with the affirmative vote of all the permanent directors voting in that meeting.” The letter, reviewed by Indiantelevision.com, states, “This is an arbitrary power and needs to change with the new realities.”
Another rule, which it believes is restrictive, is the requirement of a six-month membership (before an ordinary general meeting), if a member wants to elect a representative to the association’s board. “This effectively keeps a new member like us outside the election process,” Khanchandani’s note points out, making it clear that Republic TV wants to be an office-bearer of NBA India.
Additionally, it has alleged that the election of the NBA India office bearers, including the president, happens more by consensus rather than by an open electoral process, a system that needs an “immediate change.”
Republic TV has stated that it would like these “permanent” practices and rules to be updated and made more relevant for today in its letter that has also been marked to the minister for information & broadcasting (MIB), secretary MIB and all NBA India members. Why the letter has been also copied to the government is not clear.
Indiantelevision.com on Friday evening reached out to Joseph to get the NBA viewpoint and she stated that she was not authorized to speak to the media “on these matters.” The association’s vice-president and CEO & MD of Times TV Network/Times Global Broadcasting MK Anand said he was clueless about the Republic TV letter.
Well, this was the news bulletin for today, but keep tuned in as we keep tracking this developing story.
Also Read: “The NBA is a toothless group,” says Republic TV’s Arnab Goswami
NBA urges BARC not to release Republic TV viewership data until LCN issue is resolved
New NBA member Republic TV wants regional & web players in
Republic TV files contempt petition against Times Group
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.
