News Broadcasting
Telecast row: BCCI says keeping all options open
NEW DELHI: As arguments in the cricket telecast
went into Day 4 in the Madras High Court, the prospect of the Pakistan teams tour getting further delayed loomed ever larger, even as the Indian cricket board said it is keeping all options open.
Speaking to indiantelevision.com this evening, Board
of Control for Cricket in India (BCCI) president RS Mahendra said,There is a possibility of the tour getting delayed if the court case drags on.”
He added: “But since the issue is in the court, BCCI
cannot do much and I don’t want to comment any further
on the matter.
However, Mahendra admitted that the cricket board is keeping all options open,including organising the telecast at short notice if a direction from the Madras HC is obtained in time. But he did not indicate what would be a good time or deadline for organising these logistics.
The issue is being heard by the court and I don’t want to comment any further,he stressed, while pointing out that talks with Indian pubcaster Doordarshan have been held in the past before a petition was filed by Zee Telefilms in Madras.
However,while Mahendra’s comments to indiantelevision.com were quite measured,in statements made to the news channels, he held out the threat that the Indo-Pak series might even have to be called off if the telecast issue was not sorted out.
The Pakistan cricket team is scheduled to arrive on 28 February to play three Tests and six one-day internationals.
ZEE OFFERS TO PRODUCE SERIES FOR PRASAR BHARATI
Original highest bidder for the telecast rights Zee TV, meanwhile, came out today with a fresh compromise offer: to produce the Indo-Pak series for pubcaster Prasar Bharati. Zee has offered to produce the series at no cost and also at “its risk”. Zee additionally has offered to deposit the revenues that might accrue from the sale of advertising on the series to a mutually agreed (with the BCCI) upon account.
Zee also announced that if given the rights, they were ready to telecast the series even with just a 24-hour notice.
India report today quoted Mahendra, in the eye of the storm now that Jagmohan Dalmiya has stepped aside as president, as saying the Board was not averse to making a request to the court to allow the BCCI to proceed in the matter under emergency circumstances.
BCCI vice-president Rajeev Shukla spoke on similar lines when he said that the court should offer a “compromise solution” that covered the present series and give a final ruling on the matter as soon as possible so as to facilitate a permanent resolution of the vexed matter.
NO SERIES WITHOUT TELECAST: ICC CHIEF
The International Cricket Council president Ehsan Mani also weighed in to the imbroglio today when he warned that without live telecast the matches could not be played.
Speaking to PTI, Mani raised a pertinent point when he said, “I am surprised that why every time this matter is taken to court at the last moment as earlier also it had happened.”
If one is to go by past precedence, however, in the event of a ruling not being forthcoming, Prasar Bharati could well end up getting the series as was the case in the recent series that were held.
In the fixtures held last year in October-November involving Australia, South Africa and Pakistan, Prasar Bharati telecast the matches and Ten Sports did the production for a fee. Zee’s latest offer has only thrown another angle to what continues to be a zero sum game for all the parties involved.
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.
