News Broadcasting
Rivals cool to Zee move on Sawaal
Zee TV’s decision on Sunday to suspend Sawaal Dus Crore Ka, its answer to Star TV’s Kaun Banega Crorepati (KBC), elicited suitably gracious reactions from rivals Sony and Star. Both channels refused to gloat, at least in public, over the new turn of events.
Rekha Nigam, Sony’s head of programming, said it was always sad to hear of the death of a programme, for whatever reasons. Nigam, however, expressed confidence that the same fate would not befall Sony’s Jeeto Chappar Phaad Ke (JCPK) which is slated to go on air in January. She said enough preparation had gone into the creation of the programme to make it a success. While comparisons to KBC would inevitably follow, JCPK will have its own unique pulling power, she added. “The experience is what will make JCPK survive rather than purely the money aspect.” Sameer Nair, Star TV’s Head of Programming, saw the development as an interesting one and according to him, inevitable considering the overall deficiencies Sawaal had when compared with KBC. “It will be interesting to see what Zee comes up with. After all Zee’s new show will have to contend not only with with KBC but Sony’s Chappad Phaad Ke too, he said.”
Queried about reports that the enthusiasm for KBC itself was starting to wane, Nair said that what had happened was that viewer support was now at a steady level. The initial craze was bound to taper off, he clarified. Nair said that Star had a long-term commitment to KBC but might look at short breaks in the show in future as per the situation. This was the norm abroad also he asserted. He denied there were any plans for a Junior KBC aimed at kids.
Following the success of the show which aired Bollywood’s Aamir Khan and Sonali Bendre, discussions are on to rope in Shah Rukh Khan and Rani Mukherjee for an episode, according to The Asian Age. The Shah Ruk episode is likely to be aired on January 1, 2001.
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.
