News Broadcasting
TV9 Bharatvarsh CEO Barun Das fires back at NBA
MUMBAI: The young and wiry-looking Barun Das is in a pretty belligerent mood. The CEO of Associated Broadcast Networks that runs the No 2 news channel in India TV9 Bharatvarsh has responded to the allegations that have been hurled against its meteoric rise by the News Broadcasters Association (NBA) to the Broadcast Audience Research Council (BARC).
In a release issued today, Das has stated that the NBA’s reasoning about TV9 Baratvarsh’s rise in ratings possibly reveals “a lack of basic understanding of the television news business. The fundamental reason behind our success is a concerted strategy of content, distribution and promotion aided by the astronomical rise in viewership during the early weeks of the lockdown.”
Das has added in the release that the NBA is incorrectly giving “credence to anonymous WhatsApp videos and messages doing the rounds to defame the TV9 network. These videos have already been dismissed as fake by BARC as per media reports. The network has already lodged an official complaint against this with the Telangana police.”
According to Das, there is no question of TV9 rigging viewership numbers as it was he who wrote to the NBA to suspend the viewership measurement of news channels on 22 March, two days before the lockdown, so that lives of journalists and camera persons would not be impacted by the coronavirus in the quest for ratings by the news channels.
His request was turned down by the NBA committee. “Now that TV9 Bharatvarsh has garnered the biggest share of the market during the pandemic, obviously the shoe is on the other foot,” he says.
Das has questioned if the NBA through these efforts is trying to coerce him to renew his membership of the association. “After much persuasion, we chose not to renew it in June and one month later we are in the NBA’s bad books,” he has alleged in the press release.
The 50-year-old executive who has seen many a battle in his previous associations with media companies such as Zee News, ABP News and India Today has said there are some allegations which the NBA has made against the TV9 network which are defamatory and they will be addressed in an appropriate manner very soon.
Earlier in the day, the NBA officially sent out a release asking third party intervention into BARC to investigate any hanky panky associated with TV9 Bharatvarsh’s sudden rise.
On 14 July, Das also got into a conversation with Indiantelevision.com group founder, CEO and editor in chief Anil Wanvari on all things related to news television and the current controversy.
You can watch the fireside chat here:
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.
