News Broadcasting
Ten Sports signs an exclusive deal with US PGA tour
MUMBAI: Ten Sports has signed an exclusive deal with the US PGA tour. Under the agreement, Ten Sports will telecast select live tournaments from the PGA tour, and also show the one-hour highlights and features Programme, ‘This is the PGA Tour’.
The one-hour show ‘This is the PGA Tour’ show will kick off in March.
With Ten Sports also having the exclusive rights for the European PGA tour, the world’s second biggest tour after the US PGA, and the Indian PGA tour, the channel has the most complete bouquet of golf for the growing number of fans in the sub-continent, claims an official release.
Apart from the various tours, Ten Sports also has exclusive rights of the biennial Ryder Cup showdown between the USA and Europe, and also the PGA Championship, the fourth and final major of the year, the release informs.
Taj Television Limited CEO Chris McDonald said: “With players like Arjun Atwal and Jyoti Randhawa performing exceptionally well on the PGA Tour and European Tour respectively, golf’s popularity is growing rapidly in the sub-continent. Ten Sports has always strived to bring the finest sporting action to its viewers, and it doesn’t get any better than the PGA Tour as far as golf is concerned.”
Four of the biggest events on the PGA Tour – Players Championship (March 23-26), Zurich Classic of New Orleans (April 27-30), The International (August 10-13) and the Tour Championship (November 2-5) – will be telecast live, with the possibility of a few more tournaments adding to that list, the release adds.
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.
