News Broadcasting
Times Group enters new age sports – Pickleball
Mumbai: Pickleball, which is billed as the fastest growing modern sport, will soon have a new superstar league- the Pickleball World Series. The Times Group –the news and entertainment leader in India — is partnering with Pickleball Asia to start this exciting new series on a global stage. The Pickleball World Series will start in the United States and travel across different continents with six major events in a year.
Pickleball –which has become a world-wide sensation in a very short period of time— is a fusion of tennis, table tennis and badminton. Its accessible gameplay has attracted enthusiasts of all age groups across the globe as well as sports stars and celebrities including champions from these three racquet sports,
While there are several existing competitions and leagues in the US, the Pickleball World Series will be the first tournament with global ambitions and will also have a significantly enhanced entertainment quotient. In the first year, the Pickleball World Series will comprise of 64 players in the individual format and six teams comprising four players each, from the US and the rest of the world, including India – which is the rising hotspot for Pickleball.
Times Group managing director Vineet Jain states: “Pickleball is gaining ground as the game for urban sports enthusiasts. Times Group is known for its innovation and ability to be ahead of the curve in every one of its initiatives and we hope that this effort to take the fastest growing modern sport to the next level will inspire its exponential growth all over the world including in India. I personally believe that in five to seven years, Pickleball will overtake Tennis in terms of participation.”
Times Group CEO, New Media and Investments, N Subramanian added, “Rapidly accelerating participation and increasing fandom is driving the popularity of many innovative sports globally. That is the opportunity we spotted in Pickleball, an exciting sport that is being enjoyed by millions the world over. Powered by passion and fueled by competition, this fun and immersive sport has won over the hearts of Gen Z and Millennials, making it a natural choice for our partnership and an important addition to our portfolio of strong brands. The Pickleball World Series, our marquee event, will provide a unique platform to bring out the best in players and teams, for fans to enjoy and support their favourites, and for brands to engage and interact with these audiences.”
Pickleball Asia Pranav Kohli said, “The Pickleball player community is now 60 million strong worldwide and is growing steadily. We could not have found a better partner, anchor and investor than the Times Group –which brings us many positives that will swiftly move the needle of growth. That is a big gain for the sport and the Series.”
Outlining details, he said, “Pickleball World Series will embody the spirit of the Pickleball community and aim to provide action-packed competition along with scintillating entertainment built around the game. Starting in the US, the Pickleball World Series will travel across different continents with six major events. The Series will be supported by Pickleball World Rankings, a one-of-a-kind ranking system that allows players to accumulate points and qualify for the Pickleball World Series. We expect this will enable Pickleball stars to rise from different corners of the world and not just from the US.”
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.
