News Broadcasting
Mirror NOW’s Faye D’Souza receives prestigious ‘IAA News Anchor of the Year’ Award
MUMBAI: The Collegium of Presidents of the International Advertising Association (IAA), India Chapter, have unanimously conferred the prestigious ‘IAA News Anchor of the Year Award’ to Mirror NOW’s Executive Editor, Faye D’Souza for her exemplary contribution to journalism and being the voice of India’s everyday issues. The award was presented to her at a glittering ceremony at the annual IAA Leadership Awards 2018 event on July 27 held at the St. Regis Hotel in Mumbai.
Committed to the channel’s purpose of ‘You First’, the award honours Faye’s zeal for fiercely pursuing pertinent issues and championing causes on subjects like civic issues, corruption, women’s safety, political opportunism, price inflations, urban development, which has resulted in impact stories, improving citizen’s lives. Mirror Now has scaled new heights by moving away from the conventions of news television and prime-time viewing to refocus on issues that really matter to the common man.
Speaking on this citation Faye D’Souza says, “I am extremely honoured and humbled to receive this recognition and would like to thank the IAA committee for recognising our efforts at Mirror NOW. As a channel, we have always been a step ahead in addressing topics that affect the common man and I’m glad our efforts have yielded overwhelming results. This award provides a fresh infusion of vigour and wisdom to keep the Mirror NOW flag flying high, as we continue to initiate more conversations and bring about a change in people’s lives.”
Ramesh Narayan, President, International Advertising Association (IAA), India Chapter says, “The collegium of past presidents was unanimous and rather quick in their choice of Faye D’Souza as IAA Anchor of the Year. This is an honour given to someone who has really stood out for some exceptional work in the year that was. Faye has been not just outspoken, but has ensured that local, and not just national issues have been highlighted and followed up doggedly. I personally believe she has done us all a great service”.
IAA Leadership Awards honours individuals from the fields of marketing, advertising and media who have made enormous professional contributions and delivered success to their companies.
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.
