News Broadcasting
Tangerine Global inks HDTV entertainment deal with Pennisula Hotels
MUMBAI: Tangerine Global, a global player in high-definition television (HDTV) programming for the five-star hospitality marketplace, has been selected by luxury group The Peninsula Hotels to provide the media company’s premier HDTV entertainment services to its hotels.
The contract makes Tangerine Global’s service available as early as this summer to Peninsula’s deluxe properties worldwide, including its flagship hotel, The Peninsula Hong Kong and The Peninsula Chicago. Tangerine Global will present its offering of programming-spanning travel, fashion, lifestyle, adventure and sports-to The Peninsula Hotels’ discerning guests.
“Our goal is to deliver a compelling entertainment experience to our guests,” says The Hongkong and Shanghai Hotels Ltd GM R&D Fraser Hickox, “In addition to its high-definition entertainment on demand, Tangerine Global also offers a blend of satellite, off-air and server delivered content that creates a highly individual mix of programming tailored to each hotel’s specific needs.”
“Today’s well traveled and sophisticated consumer demands more in the way of entertainment experiences,” adds Tangerine Global CEO Stuart Levin. “We pride ourselves on offering the widest selection of high-quality entertainment programming appealing to the tastes of savvy travelers the world over. We are very pleased to work with The Peninsula Hotels as we define a new level of entertainment experience for their guests who demand the very best.”
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.
