News Broadcasting
WB govt removes HRBC hoardings to get a better view
MUMBAI: KOLKATA: Power doesn’t imply license to do as you please, or does it?
Barely a month since the Mamata Banerjee government shifted office to the 14-storeyed Hooghly River Bridge Commissionerates Building on the west bank of the river Hooghly, the administration has started removing the over 75 to 100 hoardings on site just to facilitate a better view of the surroundings.
Advertising companies which had bought the hoarding space for a good three to five years are distressed with the state government’s decision which has forced them to look for alternative sites to get mileage.
West Bengal Outdoor Advertising Association treasurer and grievance committee convener Ashif Kumar Biswas told indiantelevision.com: “Brands present in Avani Mall, building material companies like cement, rods, preferred these sites as Konna Expressway is under construction. Moreover, since this is the gateway to Kolkata, many brands would choose these hoardings.”
A government official meanwhile said the hoardings were cluttered and whenever officials looked out of the window for refreshment, they caused a barrier. With the 18th century ‘Writers’ Building’ having been vacated for restoration and renovation, West Bengal chief minister Banerjee and team will have to work out of the Hooghly River Bridge Commissionerates building for quite some time. Unlike her previous office that was located on the first floor of ‘Writers’ Building’, Banerjee’s new office is on the Commissionerates building’s top floor.
With advertisers having paid top tax to Howrah and HRBC authorities for hoarding space, “The state government is likely to lose around Rs 50 lakh per annum,” said Biswas, adding that the hoardings are huge in size measuring around 40×40 or 40×20 feet. “We have requested the state government to regularise them, instead of removing the hoardings altogether,” he said.
It is learnt one of the advertisers, a small media agency, bid for two sites after taking an advance from an FMCG company, which selected the hoardings for their winter campaign. Other advertisers said the decision to remove the hoardings at one go reflects on the lack of policy of the present government.
Biwas however is hopeful the state government will sooner look into the matter. He even hinted that authorities are happy with smaller hoardings and that the association is ready to come to terms with them.
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.
