News Broadcasting
TV-18 group posts Q1 net profit of Rs 169.42 mn
MUMBAI: The highlights of TV-18 group Q1 FY 2005 ended 30 June 2004 stands as follows:
Revenues at Rs 169.42 mn
Operating profit at Rs 86.37 mn
Operating margin at 50.98 per cent
Net profit at Rs 62.09 mn*
EPS at Rs 4.00*-
Net profit and earning per share (EPS) exclude forex gains/losses and deferred tax adjustment.
The TV-18 group Q1 FY 2005 ended 30 June 2004 published after the JV with CNBC are based on a substantially different structure of revenues and costs as compared to results published for the previous year. Hence, it is a statutory requirement to publish standalone results for TV18, they give an incomplete picture of the operations and can be misleading. Therefore, investors are advised to use consolidated figures for any correct analysis.
Consolidated accounts include TV18 India and its subsidiary companies TV18 Mauritius, Eighteen Entertainment India, E18 and MCD
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
