News Broadcasting
Strong Indian presence at Mipcom
CANNES: Things are looking up at Mipcom for Indian broadcasters, production and animation companies this year. At least if one goes by the strong presence of from Indian participants with companies such as Sony Entertainment, Star, WEG India, Land Marvel Animation choosing to take up stands.
While the Star stand is a standout in terms of size and design, the Sony stand is more compact. Sony is looking for buyers for its library of programmes right from Aayushman to its movies like Devdas while, Star has also put up its entire programme portfolio on offer.
Star’s men (or rather women and men) in the Palais are creative head Shailaja Kejriwal (who we hear is looking for the next blockbuster for Star) and Rajesh Kamath who is negotiating pricing with wannabe buyers for the Star movie and programme library.
Sony is represented in the Palais by Sunil Lulla and Tarun Katial (both are buying aggressively we are told), while UK-based international sales head Neeraj Arora is leading the sales initiative. WEG India, a veteran at the markets, is hawking its movie library while Land Marvel a provider of special effects to the south Indian film industry is looking at getting animation projects. Land Marvel is represented by chairman and CEO M Veerashekar, V Vetrivell, and Samir Bose.
Zee TV has come out in strength with Gagan Goel, Ajay Trigunayat and Sunil Khanna beating the Palais’ floors. NDTV is also putting in a lot of muscle behind MipCom and is represented by Niraj Dutt, Avinash Kaul, and journalist I M Bajpai.
This apart, one came across Biren Ghose, Moi from UTV (Ronnie Screwavala is landing here on Friday), Delhi-based igrafix’s CEO Gagan Gandhi, Toonz Animation India CEO P Jayakumar, GreenGold Animation’s Rajiv Chilakalapudi, Escootoonz’s Prafull Gade, Discovery India’s programming head Pankaj Saxsena. (Is Discovery India finally going to get a healthy budget for programming?)
Clearly, the mood at the market is buoyant. As Star India’s Kamath says, “We believe there is a lot of potential and we are exploring it at this market.” Adds Lulla, “It’s a good market and we have been very busy.”
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.
