News Broadcasting
Slowdown halts Zee News Ltd’s expansion plans
MUMBAI: Television news broadcaster Zee News Ltd (ZNL) has halted its expansion plans due to a slowdown in the economy.
After demerging from Zee’s entertainment broadcasting business, ZNL had chalked out a plan for more channel launches after spending a year in consolidating its operations.
“Our focus last year was on consolidation. But for the slowdown, we would have expanded our bouquet this year,” said Zee News Ltd chief executive officer Barun Das in an interview with Indiantelevision.com.
News broadcasters will have to increase their fleet of channels if they have to scale up their revenues. “It is difficult for established existing channels to post ad revenue growth beyond 10 per cent. Expanding the bouquet and strengthening it is key to a TV news broadcaster’s growth strategy,” said Das.
ZNL is looking at launching regional news channels but an English general news channel is also on the cards. “It would preferably be regional news channels first but we have not ruled out an English news channel. It all depends on the fund position and the extent of the slowdown. When we are looking at growth, we can’t take the market for granted anymore,” averred Das.
ZNL is looking at posting a revenue of over Rs 3 billion this fiscal even as it forecasts a sluggish growth for the industry in the next two quarters. The company had reported a revenue of Rs 1.43 billion for the six-month period ended September 2011.
“The next two quarters are not going to be easy. But we expect to outgrow the market by at least 5 per cent,” said Das.
ZNL owns and operates seven channels including Zee News, Zee Business, Zee 24 Taas, Zee Punjabi, 24 Ghanta, Zee 24 Ghantalu and Zee News UP.
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.
