News Broadcasting
Viacom’s first quarter revenues up by 5 per cent
MUMBAI: Media conglomerate Viacom has reported a hike in revenues for the first quarter ended 31 March 2005. Revenues increased by five per cent to $5.6 billion from $5.3 billion for the same quarter last year.
This was led by growth in nearly every business segment and by 19 per cent gains in Cable Networks.
Ad revenues increased by five per cent. Operating income increased by seven per cent to $1.1 billion from $1.05 billion led by increases of 20 per cent in cable networks, 20 per cent in the outdoor division and 10 per cent in entertainment.
On the flip side net earnings from continuing operations were $585 million compared to $618 million for the first quarter of 2004. The television segment revenues of CBS and UPN as well as income generated through syndication declined by five per cent to $2.1 billion from $2.3 billion.
This was due to lower advertising revenues from the CBS/UPN Networks and the Stations group principally due to the absence of the Super Bowl and lower political ad spending and TV licence revenues.
Advertising revenues declined by four per cent at CBS and UPN Networks combined and at the Stations group.
Lower TV licence revenues principally reflected the absence of licence fees for Frasier and Hollywood Squares recorded in the same quarter a year ago.
The previous year’s quarter had also benefitted from the renewals of Everybody Loves Raymond by incumbent stations and an international licensing agreement for certain Star Trek series.
TV expenses declined due to lower sports rights partially offset by increased advertising and promotional expenses. Operating income for the TV segment decreased by eight per cent to $304 million from $331 million.
Television’s operating income as a percentage of revenues was 14 per cent versus 15 per cent in the first quarter of 2004.
Viacom’s free cash flow for the first quarter of 2005 declined by two per cent to $828 million from $847 million for the same prior-year period.
This was principally due to higher cash taxes, increases in capital expenditures and changes in working capital. Their effect was partially offset by increased earnings.
Viacom chairman and CEO Sumner M Redstone said, “Although TV revenue and operating income declined in the first quarter because of the absence of the Super Bowl and political ad spending, CBS is going into the upfront advertising season with the strongest ratings and demographic mix in over 10 years, which bodes very well for us for the rest of 2005 and into 2006.
“We continue to explore the separation of Viacom into two new and focussed entities that could better position our businesses for continued growth and enhance shareholder return.
“We are diligently working to determine and resolve all the issues raised by the proposed transaction and expect to complete the analysis in the second quarter.”
The company states that it is on track to deliver mid single-digit growth in revenues and operating income and high single-digit growth in earnings per share.
Cable networks ad revenue for the quarter grew by 27 per cent and was led by gains at MTV International, Nickelodeon, Comedy Central, MTV, VH1 and Bet.
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.
