News Broadcasting
Music in the Park: A success story of Public-Private Partnership
New Delhi 21st February, 2006:- NDMC is the first civic body in the country that started promoting art & culture in its area as part of its discretionary function provided under its Act. The objective behind organizing such programmes is to upgrade urban life, which is otherwise
deteriorating and also to bring art and culture out of the confines of museums and auditoria to the open where general public could participate in large. It believes the event – ‘Music in the Park – Evening Ragas’ is
becoming synonymous with good music.
The initiative is a part of a public-private partnership said Smt.Sindhushree Khullar, Chairperson, NDMC in a joint Press Conference organized by NDMC, Star India Pvt. Ltd. and SPIC MACAY Foundation, here this evening.
All the three organizations announced the achievements of their public-private partnership for promoting Indian Classical Music known as ‘Music in the Park’. This series of musical concerts have enabled Delhiites to enjoy the best of Indian classical music in the natural lush green environs of Nehru Park, Chanakyapuri. This is a platform which has consistently attracted large number of music lovers.
Outlining NDMC’s role as a municipality with a difference,Smt. Khullar said that in fulfilling its mandate to bring culture to the people, NDMC has put its spectacular greens to best use by making them come alive with the sound of mind. Starting from early 1998 through the Morning Ragas series, NDMC brought all time greats like Ustad Bismillah Khan, Pt. Jasraj, Pt. Bhimsen Joshi, Pt. Hariprasad Chaurasia, Ustad Amjad Ali Khan up close and personal to the denizens of Delhi amidst the sylvan surroundings of Nehru Park, Chanakyapuri. There was hiatus but not for long. ‘Music in the Park – Evening Ragas’ was the new avtar. The series resumed in June, 2004 with a star studded galaxy of music maestros who brought divine music to soothe frayed nerves.
Addressing the media Shri Peter Mukerjea, CEO of STAR India Pvt. Ltd. said that the objective behind this initiative is to break the barriers that come between good classical music and genuine music lovers. Ticketed concerts or those that are held for special invitees pushes our rich cultural heritage to become a preserve of the elite. Our concerts that are held in a public park is an effort in bringing classical music within the easy reach of the common man. No tickets, no invites. Just walk in, take your seats and be enthralled by the performances of the maestros. We would invite more
corporates to join us in this effort to turn public parks into cultural hubs, he added.
Since the launch of this series jointly in September, 2004 Nehru Park has
witnessed mystic performances by Ustad Bismillah Khan, Smt. Shubha Mudgal, Pt. Rajan-Pt. Sajan Mishra, Dr. L. Subramanium, Pt. Hari Prasad Chaurasia, Smt. Kishori Amonkar, Begum Parween Sultana, Pt. Vishva Mohan Bhatt, Smt. Girija Devi and Pt. Kishan Maharaj.
To mark the celebration of this series, a very special concert by Pandit
Shiv Kumar Sharma and Ustad Zakir Hussain is being organized on Sunday the 26th February, 2006 at 6.30 p.m. at Nehru Park. This concert is being dedicated to the memories of Tabla Maestro Ustad Shafat Ahmed Khan. Three more concerts are scheduled to follow before the conclusion of the third part of this series They are vocal recitals by Smt. Shubha Mudgal on 4th March, 2006, Pt. Rajan-Pt. Sajan Mishra on 11th March, 2006 and Dr. M. Balamurali Krishna on 18th March, 2006.
Dr. Kiran Seth, founder of SPIC MACAY said that Indian Classical Music is nothing but ‘Naad Yog’. Naad Yog encompasses some of the most beautiful things in our heritage – subtlety, inspiration, abstraction and respect for the mystical. These elements would slowly fill the lives of young people who would be the torch bearers towards the creation of a world full of harmony and peace. For the SPIC MACAY Foundation, the Music in the Park series is yet another milestone in their efforts to do their bit for the cause of protecting and promoting the Indian Classical Music and other performing arts, he added.
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.
