News Broadcasting
UK unions up in arms over BBC’s proposed job cuts
MUMBAI: Over the past month the BBC has announced two rounds of job cuts in the UK which will amount to annual costs savings of ?355 million. British unions are not surprisingly unhappy over the move.
Union leaders representing thousands of BBC staff have given the corporation an ultimatum of withdrawing plans to axe almost 4,000 jobs or face strikes. Leaders of Bectu, the National Union of Journalists and Amicus decided to call for a 90-day moratorium on the controversial plans.
The unions have demanded that managers stopped asking for volunteers for redundancy and to enter negotiations so that the proposals could be properly evaluated. If the BBC does not agree to the demands by 4 April the unions will ballot their members for strike action. The unions have branded BBC DG Mark Thompson’s job cuts as being brutal.
Unions have questioned how the BBC could meet the challenges of the future by axing frontline jobs. And Bectu has said the cuts were “brutal” and would make the BBC less efficient. Comments by Bectu members to the union’s website included: “Get the legal side sorted out pronto, let’s get the ballot going and let’s get out on strike now.”
As had been reported earlier by Indiantelevision.com Thompson said that it was a difficult and painful process but necessary. The cuts and savings will be made over the next three years. The general secretary of the National Union of Journalists, Jeremy Dear has been quoted in media reports saying, “First Mark Thompson severed the BBC’s arteries with the announcement of 1,700 job losses in professional services, now we face the prospect of him ripping the heart out of BBC programme-making.”
“There’s a real threat to BBC news and current affairs staff and to programme-making staff. They are asking 80 per cent of the staff to produce 100 per cent of the programmes. Amongst BBC staff, the general reaction is one of anger and astonishment.” The job losses in news are expected to come from areas where correspondents are currently “doubling up” – covering the same stories for different bulletins. The NUJ said it expected Scotland and Newcastle to be among the worst-hit areas, although the BBC said the cuts in Scotland were on a par with Northern Ireland and Wales.
A protest is to be held in Glasgow as trade unions branded a BBC move to axe 176 Scottish jobs as a disgrace. BBC Scotland controller Ken MacQuarrie had announced the plan to streamline the business by cutting workers in TV production, radio and administration. Workers against the move will gather outside the BBC Glasgow HQ in a National Union of Journalists protest.
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.
