News Broadcasting
V6 challenges suspension; BARC to place facts before court
MUMBAI: V6 News, from the stable of the Telugu channel popular across Telangana and Andhra Pradesh, also wants to challenge Broadcast Audience Research Council India (BARC India) after the latter suspended its ratings review for some weeks along with other two channels on 24 November, 2016.
BARC India, the only television audience measurement body in India, had temporarily suspended the review of viewership of three news channels. BARC communicated to all the broadcasters that ratings for India News, TV9 Telugu and V6 News were suspended owing to suspected mala fide practices.
Media buying and planning (advertising) agencies and brands had reacted strongly or cautiously when it came to commenting on famous yet delinquent channels. Dentsu Aegis chairman Ashish Bhasin had lauded the BARC decision: “It is a bold step taken by BARC to name and shame the mischievous entities.” It sends out a warning message to the channels to behave, and will act as a deterrent for other possible mischief-mongers that could spoil the purity of the currency for a Rs 20000 crore annual TV advertising business in India, Bhasin said.
However, the Bombay High Court on 6 December stayed the suspension of ratings review of India News even as BARC hinted at continuing its crusade. Describing the suspension of India News ratings as ‘arbitrary and illegal’, the court stated that the suspension and subsequent communication to all the subscribers has prima-facie been seen as a reputation-maligning action, a press release from India News stated. India News CEO Varun Kohli said, “India News is a credible news channel in the broadcasting business in the country and has grown consistently in the last four years both in the times of BARC ratings and TAM ratings, the predecessor of BARC.”
Reacting to the judgement, BARC India CEO Partho Dasgupta said: “We will continue to act as per our board and government guidelines, with the objective of providing the Indian broadcast industry with an accurate, robust and reliable television audience measurement system.”
Players in the news eco-system meantime saw an overall decline in the ratings, according to BARC week 48. Since the court stay, observers have been wondering whether other two erring and suspended yet holier-than-thou channels would also knock at the doors of the courts of law seeking redressal.
“We have filed a suit against the suspension of V6 review by BARC India,” V6 CEO Ravi Ankam communicated to Indiantelevision.com through the chief technical officer Kishore Kumar late yesterday evening. However, Ankam did not reveal the details, saying the “matter was sub-judice.”
When contacted for its comment on V6 News decision, BARC India was prompt in its curt reply. “We will place the facts in (the) court. At this stage, as the matters are sub-judice, it would not be appropriate for us to say anything more. We are confident of what we are doing,” the ratings body CEO said.
TV9 Telugu shied from reacting or commenting on BARC India action or the court stay. TV9 head of marketing Clifford Pereira passed on the responsibility of speaking to the media to the chief financial officer KVN Murthy. When Indiantelevision.com contacted CFO Murthy, he sought time as he was driving out of town for a private meeting, and then chose not to respond to calls or text messages.
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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.
