News Broadcasting
TV Today appoints Rahul Shaw, Vikram Das and Devleena Majumder
MUMBAI: As a part of the growth agenda set by the new leadership, TV Today Network has announced three key appointments to raise the bar and to chart the new growth strategy. The new inductions have happened across ad sales, international distribution and HR divisions.
While Vikram Das has joined as general manager – International Distribution, Rahul Kumar Shaw is VP – ad sales (Headlines Today) and Devleena Majumder joins in the capacity of general manager – HR.
TV Today Network CEO Joy Chakraborthy expects the new team to script a rapid growth and to take the company to newer heights. He said, “We are thrilled to add Rahul, Vikram and Devleena to an existing very strong team at the TV Today Network. With their strong skill sets in the three core functions, the network will be strategically placed to consolidate and grow the leadership position. The industry is competitive and only solid planning and speed of execution will win.”
Shaw comes with rich experience in ad sales. He has earlier worked with Zee Entertainment Enterprises Ltd (Zeel), INX News, NDTV Imagine, Star India, Set India, Turner International and Bennett Coleman & Co Ltd (BCCL). In his new role Shaw will be responsible for Headlines Today sales and will be reporting into TV Today senior VP and business head – Headlines Today Rajnish Rikhy.
Majumder joins from Viacom 18. Prior to that, she has worked with Zoom Entertainment Network, ICICI Prudential Life Insurance, IBM Daksh, Wipro Spectramind and Transworld Group of Companies. She will be responsible for the human resource function at the news network.
Meanwhile Das joins in from Neo Sports Broadcast. Prior to Neo, he has workedwith Star (Middle East) and ABN Amro Bank, Dubai.
Both Majumder and Das will report in to Chakraborthy.
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.
