News Broadcasting
TV18 clocks net profit of Rs 63.9 million in Q4
MUMBAI: TV18 Group has posted a revenue growth of 61 per cent while its net profit registered a growth of 105 per cent for the fiscal year ended 31 March.
The results show a 61 per cent gain in revenues to Rs 171 million for the fiscal year ended 31 March. The operating profit for the year stood at Rs 88.4 million, registering a year-over-year gain of 136 per cent.
The operating margin crossed the 50 per cent mark, moving up from last quarter’s 48.57 per cent. The results show the company’s net profiting going up by 105 per cent. It stood at Rs 63.9 million to last quarter’s Rs 53.4 million.
TV18 managing director Raghav Bahl attributed the company’s good show to their sound performance in the field of advertising revenue. “TV18 Group continues to post robust performance on the back of excellent growth in our advertising revenues. Our new programming initiatives on CNBC-TV18 have been very successful resulting in marked increase in our viewership. We expect to consolidate on this performance going forward,” said Bahl.
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.
