News Broadcasting
Simon Kenny is Warner Bros. Digital Distribution president
MUMBAI: US media conglomerate Warner has announced that Simon Kenny has been named president of the newly formed Warner Bros. Digital Distribution.
He will manage the worldwide electronic distribution streams of the Studio’s product over existing, new and emerging digital platforms, including pay-per-view, electronic sell-through, video-on-demand, subscription-video-on-demand, wireless and more. He will also oversee the studio’s worldwide digital strategy, partnerships in digital services and emerging new clients and business activities in the digital space.
As announced at its formation in October 2005, the Warner Bros. Home Entertainment Group is comprised of Warner Bros. Digital Distribution (which incorporates Warner Bros. Online and Wireless), Warner Home Video, Warner Bros. Interactive Entertainment (including Warner Bros. Games), Warner Bros. Technical Operations and Warner Bros. Anti-Piracy Operations.
Kenny currently serves as Warner Bros. International Television Distribution executive VP, Europe. He will assume his new role full-time following the L.A. screenings at the end of May.
Warner Bros. Home Entertainment Group president Kevin Tsujihara says, “Our priority is the consumer, and our focus is on ensuring that our product is available to them on as many platforms with as much flexibility, functionality and portability as they desire. As digital distribution is no longer just a theory, but a reality, we are charged with managing and leading the retail and consumer transition from a purely packaged distribution scheme to one that supports both packaged and digital distribution, and both standard and high defination formats, while not cannibalising any one segment of the business, but rather maximizing the opportunities afforded by all.
“Simon’s experience in existing, emerging and next-generation distribution scenarios makes him the perfect choice to head up our digital distribution initiative, and we’re pleased to have him as an integral member of our team.”
Kenny says, “I am excited about leading the group that will strategise on and implement the methods of digital distribution for all the new and emerging platforms and to be working with Kevin to create new revenue opportunities on behalf of Warner Bros., a true leader in entertainment”.
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.
