News Broadcasting
TRAI recommendations on accreditation of rating agencies accepted: Tewari
NEW DELHI: Even as the industry body Broadcast Audience Research Council (BARC) is struggling with its teething problems, the Information and Broadcasting Ministry (I &B) has accepted view of the Telecom Regulatory of India (TRAI) that the minimum number of homes that a rating agency should measure should be 20,000 within six months of the guidelines coming into force, after which the number should be increased by 10,000 every year to reach 50,000.
Minister Manish Tewari has said that his Ministry would place these guidelines before the union cabinet, a note for which has already been circulated. The Ministry had earlier asked the regulator to provide its guidelines on the issue, after which TRAI had in September released its recommendations including a condition that they be notified within two months.
He said most recommendations had been “more or less accepted.” “Once we have the cabinet approval, we will notify the guidelines,” he added. Interestingly, Tewari, during his speech, also touched upon the dispute on whether the foreign direct investment should be raised for the print media. While the Press Council of India (PCI) had submitted its recommendations that the current levels of FDI in print media should be maintained, the Indian Newspaper Society (INS) had favoured raising the limit to 49 per cent. “We are trying to build a political consensus after all media is a sensitive area,” Tewari said.
The TV audience measurement mechanism has been a subject of controversy in the past with many channels expressing dissatisfaction with TAM ratings.
Tewari said the amendments to the Press and Registration Books Act were already on the Ministry website and stakeholders’ had sought fresh consultations on issues including ‘paid news’, which had been slated for Tuesday.
Replying to a question related to setting up of a National Gaming and Animation Centre in Mohali in Punjab, Tewari said there was a problem as it was intended to be a Public-Private Partnership (PPP) but the private sector had not responded.
He said government was considering a plan to set up the institute with Japanese assistance. Tewari said bills to give special status to Film and Television Institute of India (FTII) and Satyajit Ray Film and TV Institute had been sent to the Law Ministry. He said another proposal to give the status of ‘institute of national importance’ to the Indian Institute of Mass Communication was by and large ready.
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.
