News Broadcasting
TV Today Q2 posts losses amid revenue dip
MUMBAI: TV Today Network has reported second-quarter losses as its revenue drops over six per cent, but advertising is expected to speed up in the next two quarters of the fiscal.
The company has posted a net loss of Rs 75.89 million for the three months ended 30 September, as against a net profit of Rs 106.12 million.
Income from operations stood at Rs 603.07 million, down from Rs 645.45 million in the corresponding quarter of the previous fiscal.
“The second quarter has been bad as news channels have lost advertising to general entertainment channels. But the October month has been extremely good and we expect a strong rebound in the third quarter. The worst seems to be over,” a source said.
The company’s expenses also surged to Rs 724.46 million, compared to Rs 561.46 million a year ago.
However, the company said that the financials are not comparable to the year-ago period as the current quarter also includes radio broadcasting business of the erstwhile Radio Today Broadcasting.
TV Today operates a clutch of news channels including Aaj Tak and Headlines Today. The radio business operates FM radio stations under recently renamed Oye FM brand (earlier known as Meow FM).
For the TV broadcasting segment, TV Today posted a revenue of Rs 596.22 million and an operating loss of Rs 40.57 million. In the trailing quarter, the company had posted a revenue of Rs 641.39 million and an operating profit of Rs 49.05 million.
The radio business posted an operating loss of Rs 64.17 million on an income of Rs 6.85 million. In the first quarter, operating loss stood at Rs Rs 43.32 million on an income of Rs 8.69 million.
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.
