News Broadcasting
Zee Turner, Tata Sky spat reaches court
NEW DELHI: It has come a full circle for the Zee group. DTH service provider Tata Sky has dragged distribution company Zee Turner to court for acting pricey on giving its channels to the new entrant in the Indian DTH arena.
The case filed some days back in a Delhi court by Tata Sky states that Zee Turner is setting “unreasonable” terms for negotiations for its bouquet of channels, which amounts to a breach of various directives issued by the sector regulator.
The case is slated for a hearing today. However, court sources indicated that its unlikely arguments will take place in the first hearing.
Tata Sky, which began its commercial operations few weeks back, is presently offering consumers 55-odd TV channels at a price that is more than the Subhash Chandra-promoted Dish TV, which is country’s first pay TV platform.
Zee Turner is a 74:26 distribution joint venture between the Chandra-controlled Zee Telefilms and Time Warner company Turner International India.
The genesis of the present face-off is lack of consensus on pricing of Zee Turner channels and Tata Sky’s insistence on select TV channels from the bouquet of 32 channels.
While India’s second pay digital platform Tata Sky wants select Zee Turner channels for a reported sum of below Rs. 40 per subscriber, the latter is insisting all its 32 channels should be taken.
As reported by Indiantelevision.com earlier, sources close to the negotiations said Zee Turner has conveyed that it’s ready to give all its channels to Tata Sky’s DTH platform for Rs. 74 per subscriber per month, which is 50 per cent of the price that cable operators pay for the Zee Turner bouquet.
Bouquet 1 of Zee Turner comprises Zee TV, Zee Cinema, Zee News, Zee Studio, Zee Bengali, Zee Gujarati, Zee Marathi, Zee Punjabi, Cartoon Network, Reality TV, CNBC, CNN, Zee Café, Zee Trendz, ETC, ETC Punjabi, Zee Jagran, Zee Smile, Zee Telgu and Zee Music.
The second bouquet includes HBO, Pogo, Awaaz, VH1 and Zee Business. Zee Turner is soft bundling Zee Sports at a price benefit.
The third bouquet, called Breakfree, consists of Zee Action, Zee Premier and Zee Classic, which air movies of different genre and are primarily available on Dish TV DTH platform.
Zee Turner had earlier reasoned that its demand is based on a recent ruling of a disputes tribunal in Dish TV vs. Star case wherein Star was asked to make available its channel to Dish at Rs. 27 per subscriber, which is 50 per cent less than the price cable ops pay.
Dish TV had to wait for over 18 months since launch to finally manage to get Star channels on its DTH platform.
After having got powerful products like Star Plus, Dish TV has announced that it will not charge its consumers for some months anything extra for the Star channels, most of which are in the basic tier of 78-odd channels and can be had for Rs. 185 per month by a subscriber of Dish TV.
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.
