News Broadcasting
Zee dumps Sawaal, Manisha gets the boot
Zee TV, finally deciding that discretion is the better part of valour, has decided to discontinue for the present its much criticised game show Sawaal Dus Crore Ka. In the process Manisha Koirala, co-host along with Anupam Kher, has joined him on the casualty list.
However, Manisha’s parting of ways doesn’t appear to have the bitterness which surrounded the sacking of Kher last week from the programme. Kher went to town badmouthing Zee for the manner in which he was taken off the show.
Initially touted as Zee’s answer to the runaway success of Star TV’s Kaun Banega Crorepati (KBC), Sawaal had acceptance problems from the beginning. The two anchors didn’t come off well in comparison with KBC’s Amitabh Bachchan and the programme itself was seen as an unwieldy and poor imitation of Star’s product. This was reflected in the TRP ratings Sawaal generated. It could only manage a rating of four against KBC’s 14.
According to a press release Zee put out on Sunday, the channel is in the process of chalking out a new version of the game show with a new theme, new composition and a new anchor and, possibly, revised prize money. It is slated to go on air from the first week of January. The question that begs an answer is whether a month will give Zee enough time to come up with a worthwhile challenge to KBC. Another hasty effort could really prove disastrous to Zee’s fortunes. Especially since Sony’s answer to KBC, Jeeto Chappar Phaad Ke, will have taken off by then. Sony’s programme has been under development since August. As Sameer Nair, Star TV’s Head of Programming, put it: “It will be interesting to see what Zee comes up with. After all Zee’s new show will have to contend not only with with KBC but Sony’s Chappad Phaad Ke too.” Nair did not take into account Doordarshan’s Knockout which will be hosted by Kabir Bedi on Sundays and is set to launch next month. Neither did he mention Sabe TV’s Jab Khelo Sab Khelo hosted by the irrepressible Shekhar Suman.
Sainath Aiyar, Zee’s VP Corporate Communications, was noncommittal when quizzed for further details regarding the changes being incorporated in the new game show. He also denied that Ashutosh Rana had been finalised as an anchor to replace Kher and Manisha. An interesting possible name that the industry grapevine has thrown up is that of Abhishek Bachchan. Now that would be a really mouthwatering clash of personalities. Using the son to take on the father.
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.
