News Broadcasting
User content sites will not replace television: BBC
MUMBAI: A few days ago UK broadcaster BBC One controller Peter Fincham
delivered a speech to the Royal Television Society. The speech was called BBC One – Risk, Creativity, Challenges and Audiences.
He debunked the notion that video clips on the net would replace traditional broadcast television. He says that predictions that video on- demand and 30-second clips on the video content site YouTube would replace traditional viewing showed breathless over-enthusiasm. This he says is reminiscent in some ways of the dotcom boom of the late Nineties, when all conventional businesses were apparently heading for the scrap heap.
“It also reminds me of the late Sixties – yes, I can just remember them – when a bloke I met in a youth hostel assured me that Western civilization was on its last knees and the future lay in self-sufficient collectives living in Wales. The trouble is, it’s missing the point. Conventional television – old media, linear, whatever you want to call it – and new media don’t exist in opposition to each other. In fact, they’re perfect partners.”
“Any anthropologist will tell you that our ancestors, although they lived in caves, had exactly the same brains and bodies that we have. Evolution just doesn’t move that fast I guess the equivalent to those cave-dwelling ancestors is people who sat in front of cathode ray televisions with a choice of two channels, the BBC and ITV. Nowadays they’ve got hundreds to choose from. And yet the evolution of taste, like evolution itself, is a very different thing. YouTube’s great. Google’s great. It’s all great. But if the conclusion you draw – and some people love drawing it – is that television is over, I think you might just be wrong.”
He was responding to an article in the Guardian a couple of weeks ago, by Jeff Jarvis. The headline was ‘Television is dead’. Jarvis had argued that all the old definitions of TV are in shambles. Television need not be broadcast. It needn’t be produced by studios and networks. It no longer depends on big numbers and blockbusters. It doesn’t have to fit 30 and 60 minute moulds. It isn’t scheduled. It isn’t mass. The limits of television – of distribution, of tools, of economics, of scarcity – are gone.’ Jarvis had said that his teen son and his friends are getting hooked on new series not via TV but through the web and iTunes.’
Jarvis, Fincham points out assumes that where technology leads, our tastes will follow. “He thinks that to embrace the new, it’s necessary to reject all that’s familiar. I think he’s wrong”. Fincham points to the new adaptation of Jane Eyre. “It was watched by seven million viewers. Jane Eyre had been widely admired and acclaimed – quite rightly in my view. Adaptations of classic novels don’t come much better than this. Does Jeff Jarvis’ new world of television mean there’s no room for adaptations of Jane Eyre? And if so, is that something we’ve gained? Or something we’ve lost? ”
“People like programmes. Seems like a pretty obvious thing to say, but in our noisy and novelty-driven world it can’t be said often enough. They also like, in my view, an intelligently-balanced linear schedule. Yes, of course video on demand will enable us to create our own schedules and time-shift programmes at will. But we won’t want to do that all the time, will we? ”
“Video on demand is to linear viewing what the microwave is to conventional cooking. Quicker, more convenient, more attuned to a busy, modern life. But it won’t improve the flavours of the cooking. User-generated content is a wonderful thing, but it won’t simply replace the professional stuff. There’s such a thing as a user-generated garden shed – you buy it from Homebase and put it together yourself. Or there’s the other sort, which I must admit I prefer – you get somebody else to do it for you. The two markets don’t cancel each other out – they co-exist. In the future, a short clip on YouTube might be all we’ve got time for. Sounds plausible, doesn’t it, but the evidence doesn’t back it up.”
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.
