News Broadcasting
TV strike threat: Producers expect to hire ‘outsiders’, talking to channels
MUMBAI/NEW DELHI: Even as the Federation of Western India Cine Employees (FWICE) had threatened to go on strike from 15 August if their demands of salary increments and eight-hour shift for workers are not met by producers, producers say that they should have the freedom to hire outsiders.
Indian Film and TV Producers Guild CEO Kulmeet Makkar said the strike was mala fide as the matter was sub judice before the Competition Commission of India. Once the CCI decided the case, Makkar added, the FWICE could submit its demands and those would be considered.
Indian Film and TV Producers Council leader and a leading television producer JD Majethia told indiantelevision.com that 7.5 per cent increment had already been given to all the workers even in the absence of any binding legal contract. “Do you think, we (producers) would let our businesses paralyse for a mere 2.5% hike,” he countered.
Indian Motion Pictures Producers Association president T P Agarwal and Makkar told indiantelevision.com that the matter was sub judice, and the FWICE demand was therefore unjustified.
Agarwal has written a detailed letter to the police commissioner for protection of producers who hire experts who are not members of FWICE.
The FWICE, which claims to have 2,50,000 members, has reportedly sent notices to the Film and Television Producers Guild of India Ltd, Indian Motion Picture Producers Association (IMPPA), Indian Film and TV Producers Council (IFTPC), and Western Indian Film Producers’ Association (WIFPA). The notice has also been reportedly issued to advertising companies, television channels and the police department as well.
“We know well how to take care of all workers — as we are aware a happy worker works well,” he quipped. The workers (working in mostly air-conditioned studios) are provided the same food and comfort as a senior technician, Majethia said.
About their other demands, Majethia categorically stated that insurance was compulsory and was done at each and every shoot and set. He also said that the workers union should first get each and every worker medically checked so that he could be assigned work in accordance with his capability — health-wise. Workers unions should also ensure qualified workers were sent on the sets. “For example, unions must ensure an electric fittings etc incharge has the required technical qualification and experience to supervise and control all operations,” Majethia said.
FWICE had two years ago called a strike, demanding salary increment, eight-hour shift, accidental and medical insurance, safety and job security. Producers’ bodies had agreed to fulfill the demands, but, according to FWICE, the promises remained unfulfilled.
“We are in talks with producers and channels to find a way out of this imbroglio,” Majethia said. Privately, however, he said, a number of workers told them that they were willing to work and were not in favour of strike. “Opinion is widely divided among the workers’ leaders,” Majethia said.
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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.
