News Broadcasting
World Cup news blockade ends as ICC agrees to Govt plea for truce
NEW DELHI: The International Cricket Council late this evening agreed to allow various Indian television channels to attend and report the India-Pakistan Cricket World Cup semi-final in Mohali tomorrow, following a request from Information and Broadcasting Minister Ambika Soni.
Soni, who had written to ICC President Sharad Pawar, had also pointed out that the Prime Ministers of both India and Pakistan would be present at the match.
Soni had proposed a 24-hour ‘truce‘ in a dispute created by Indian non-rights holders breaching the terms and conditions they had agreed to follow when they were awarded accreditation for the ICC Cricket World Cup 2011 in Bangladesh, India and Sri Lanka.
In a statement, ICC Chief Executive Haroon Lorgat said: “Soni agreed to convene a meeting at the Ministry on 31 March to address the dispute which has been caused by repeated and serious breaches of the terms and conditions which these organizations had signed up to”.
He added however that “to ensure that there is no misunderstanding, it is important for me to outline the facts. Firstly, the News Access Guidelines for Broadcasting the ICC Cricket World Cup were issued in January 2011 and all news broadcasters were reminded of these Guidelines in a letter from the ICC on 27 January. No objections to the guidelines were received and accreditations were issued to the non-rights holders’ reporters and cameramen on condition that these guidelines were followed. Sadly there have been many breaches and despite requests for such activity to cease the NRH stations continued to break the rules.
“It was only as a last resort that the ICC withdrew the accreditation of these companies when they refused to sign an undertaking that they would desist from breaching the guidelines. It was not something done without very good reason.
“It is also important to understand that the removal of the accreditation does not prevent these channels from reporting the ICC Cricket World Cup. It only prevents them from entering the stadium. Footage is provided to them from several agencies, including SNTV and Reuters, the ICC‘s official news providers.
“I am grateful for the minister‘s intervention in calling a meeting but I must repeat that we are committed to protecting the rights and investments of our broadcast partners as well as the exclusivity of our commercial partners. We will not allow that to be compromised and if the relevant members of the News Broadcasters‘ Association are not willing to give the necessary undertakings we require, we will have no other option but to withdraw accreditation for the final in Mumbai.”
Earlier today, the NBA in a meeting decided to desist from accessing ongoing cricket World Cup venues including Mohali and covering press conferences and practice sessions in the wake of ICC barring them from these events. In a statement, the NBA said they have taken the stand in the view of the “unreasonable” stand taken by the ICC at a crucial juncture of the World Cup matches.
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.
