News Broadcasting
Q3-2015: Network18 reports improved results
BENGALURU: Network18 Media & Investments Limited (Network18) reported better results in Q3-2015 as compared to Q2-2015. Improved performances by its media operations, web and publishing operations helped buoy the company’s topline. Q2-2015 was a bad quarter overall for the media and entertainment (M&E) industry in India. Is the Ambani habit of reporting good results rubbing on to its newly-taken over companies – TV18 and Network18; minnows when compared to the giant that the Mukesh Ambani run Reliance Group of Industries is? Only time will tell.
Note: 100,00,000 = 100 Lakh = 10 million = 1 crore
The company reported 11.7 per cent growth in Income from Operations at Rs 839.1 crore in Q3-2015 from Rs 744.8 crore in Q2-2014 and 14.3 per cent more than the Rs 727.6 crore in Q3-2014. During 9M-2015, Network18 Income from Operations improved 16.9 per cent to Rs 2285.1 crore from Rs 1954.1 crore in 9M-2014.
Network18’s Profit Before Tax and Exceptional Items (PBT) improved to Rs 22.4 crore in Q3-2015 from a loss of Rs 14.8 crore in Q2-2015 and 15.7 per cent more than the Rs 19.3 crore in Q3-2014. For 9M-2015, loss at Rs 36.4 per cent was lower than the loss of Rs 65.6 crore in 9M-2014.
Let us look at the other numbers reported by Network18:
The company’s operating profit (Profit before depreciation, interest and tax – PBDIT) in Q3-2015 at Rs 67.1 crore was almost quadruple (up 3.8 times) than the Rs 17.4 crore in Q2-2015 and 12.7 per cent higher than the Rs 59.5 crore reported in the corresponding quarter of the previous year. For 9M-2015, PBDIT at Rs 97.2 crore was 2.5 times the Rs 39 crore reported for 9M-2014.
Network18 reported 5.6 per cent higher Total Expense (TE) at Rs 788.5 crore in Q3-2015 versus the Rs 746.9 crore in Q2-2015 and 14.7 per cent more than the Rs 687.6 crore in Q3-2014. In 9M-2015, the company’s TE at Rs 2268.9 crore was 15.2 per cent more than the Rs 1969.5 crore in 9M-2015.
Programming cost in Q3-2015 at Rs 202.1 crore was 13 per cent more than the Rs 178.8 crore in the immediate trailing quarter and 30.8 per cent more than the Rs 154.5 crore in Q3-2014. In 9M-2015, programming cost at Rs 546.5 crore was 37.8 per cent more than the Rs 396.5 crore in 9M-2014.
Network18’s distribution, advertising and business (DAB) expense in Q3-2015 at Rs 214 crore was 3 per cent lower than the Rs 220.7 crore in Q2-2015 and 3.3 per cent less than the Rs 221.3 crore in Q3-2014. In 9M-2014, the company reported 5.2 per cent lower DAB expense at Rs 626.6 crore versus the Rs 660.7 crore in 9M-2014.
Depreciation and amortisation cost (depreciation) in Q3-2015 at Rs 23.8 crore was 22.7 per cent lower than the Rs 19.4 crore in Q2-2015 and 22 per cent less than the Rs 19.5 crore in Q3-2014. Depreciation in 9M-2015 at Rs 80.9 crore was 48.7 per cent more than the Rs 54.4 crore in 9M-2014.
Network18 says that its digital content operations – moneycontrol.com, Ibnlive.com, Firstpost.com and News18.com and its digital commerce operations bookmyshow.com and Homeshop 18 performed well in the current quarter with a monthly average reach of approximately 25 million visitors for first two months in this quarter.
Its television business also performed well. The company said that its business news operations (CNBC-TV18, CNBC Awaaz, CNBC Bajar and CNBC-TV18 Prime HD) sustained their leadership position in the genre. CNBC Bajar showed accelerated growth in viewership with a 182 per cent increase in Q3-2015 over Q2-2015. CNN-IBN stood at No.2 position in the English General News category in Q3-2015 with a market share of 25 per cent. In the entertainment segment, Colors was the No.1 channel on weekend prime time with a market share of 28.3 per cent in Q3-2015. History TV18 ended the year 2014 with No.1 position in December 2014 with a market share of 25 per cent in 6 Metros and garnered the maximum time spent per viewer at 178 minutes in 6 Metros and 132 minutes in all India. The company’s regional news and entertainment group of channels under the ETV umbrella also performed well.
News Broadcasting
Barc forensic audit in TRP row awaits as Twenty-Four probe gathers pace
KERALA: A forensic audit commissioned by the Broadcast Audience Research Council (BARC) India has emerged as the centrepiece of the government’s response to fresh allegations of television rating point manipulation involving a regional news channel in Kerala, with both the audit findings and a parallel police investigation still awaited.
Replying to a query in the Lok Sabha, minister of state for information and broadcasting L Murugan, said Barc had appointed an independent agency to conduct a forensic probe into the conduct of senior personnel allegedly linked to the case.
The move followed media reports claiming that a Barc employee had accepted bribes to manipulate viewership data in favour of a regional television news channel.
“The report from BARC is still awaited,” Murugan told Parliament, signalling that the forensic exercise remains ongoing.
Industry specialists say forensic audits are crucial in alleged TRP fraud cases, as they examine internal controls, data access trails, panel household integrity, staff communications and financial transactions. The outcome could determine whether the alleged manipulation was an isolated breach or a deeper systemic weakness in India’s television measurement framework.
Running alongside the audit, the Kerala Police has formed a special investigation team to probe the allegations. The ministry has sought a preliminary report from the state’s director general of police, including details of action taken on the first information report. That report, too, is yet to be submitted.
The episode has revived long-standing concerns over the vulnerability of India’s TRP system, particularly in regional news markets where competition for ratings is fierce and advertising revenues hinge on weekly viewership rankings.
India’s sole television audience measurement body Barc, has faced scrutiny before, most notably during the nationwide TRP controversy involving news channels in 2020. While tighter compliance norms were introduced in the aftermath, the latest allegations suggest enforcement challenges may persist.
On regulatory consequences, the government said any punitive action against television channels, including suspension or cancellation of uplinking and downlinking permissions, would be governed by the Policy Guidelines for Uplinking and Downlinking of Television Channels issued in November 2022, and would depend on investigation outcomes and due process.
The ministry also pointed to ongoing efforts to overhaul the ratings ecosystem. Television measurement continues to be regulated under the Policy Guidelines for Television Rating Agencies, 2014. Draft amendments were released for public consultation in July 2025, followed by a revised version in November 2025, aimed at tightening audit mechanisms and improving transparency and representativeness.
In November 2025, Barc said it had taken note of allegations aired by Malayalam news channel Twenty-Four, which linked an internal employee to irregularities in audience measurement. The council said it had engaged a “reputed independent agency” to conduct a comprehensive forensic audit, underscoring the seriousness of the claims.
The ratings system sits at the heart of India’s broadcast advertising economy, shaping billions of rupees in annual ad spends. With trust in audience data once again under strain, advertisers, broadcasters and regulators are closely watching the outcome of the investigations.
Barc has urged industry stakeholders and media organisations to exercise restraint while the probe is underway, calling for an end to “unverified or speculatory claims” and reiterating its commitment to integrity and accountability.
Until the forensic audit and police findings are submitted and reviewed, the government said it would refrain from drawing conclusions.
News Broadcasting
Rajat Sharma defamation row: Delhi court summons Congress leaders Ragini Nayak, Pawan Khera and Jairam Ramesh
NEW DELHI: A Delhi court has ordered the summoning of senior Congress leaders Ragini Nayak, Pawan Khera and Jairam Ramesh in a criminal case filed by veteran journalist Rajat Sharma, sharpening a legal battle over alleged defamation and doctored digital content.
The order was passed on Monday by Devanshi Janmeja, judicial magistrate first class at Saket Courts, after the court found prima facie grounds to proceed under multiple sections of the Indian Penal Code, including forgery, creation of false electronic records and defamation.
Sharma, chairman and editor-in-chief of India TV, had approached the court over allegations made in June 2024 that he had used derogatory language against Congress spokesperson Ragini Nayak during a live television debate. He denied the charge, claiming it was fuelled by a manipulated video circulated online.
According to the complaint, a clipped version of the broadcast carrying superimposed captions, which were not part of the original programme, was first shared on social media platform X by Nayak and later amplified through retweets and public statements by Khera and Ramesh. Sharma said the viral spread caused serious reputational harm and personal distress.
The court took note of forensic science laboratory findings that pointed to visible post-production alterations in the video, including added titles and captions. It also cited witness testimonies from those present during the live broadcast, who stated that no abusive or objectionable language had been used.
In a related civil matter, the Delhi High Court had earlier observed a prima facie absence of abusive remarks and directed the removal of the disputed social media posts.
With criminal proceedings now set in motion, the case adds to mounting scrutiny around political messaging, digital manipulation and accountability on social media platforms.
News Broadcasting
Mukesh Ambani, Larry Fink come together for CNBC-TV18 exclusive
Reliance and BlackRock chiefs map the future of investing as global capital eyes India
MUMBAI: India’s capital story takes centre stage today as Mukesh Ambani and Larry Fink sit down for a rare joint television conversation, bringing together two of the most powerful voices in global business at a moment of economic churn and opportunity.
The Reliance Industries chief and the BlackRock boss will speak with Shereen Bhan, managing editor of CNBC-TV18, in an exclusive interaction airing from 3:00 pm on February 4. The timing is deliberate. Geopolitics are tense, technology is disruptive and capital is choosier. India, meanwhile, is pitching itself as a long-term bet.
The pairing is symbolic. Reliance straddles energy transition, digital infrastructure and consumer growth in the world’s fastest-expanding major economy. BlackRock, the world’s largest asset manager, oversees more than $14 tn in assets and sits at the nerve centre of global capital flows. When the two talk, markets tend to listen.
Fink’s appearance marks his third India visit, a signal of the country’s rising strategic weight for the Wall Street-listed firm, which carries a market value above $177 bn. His earlier 2023 trips included an October stop in New Delhi, where he met both Ambani and Narendra Modi.
India is now central to BlackRock’s expansion plans, notably through its joint venture with Jio Financial Services. Announced in July 2023, the 50:50 venture, JioBlackRock, commits up to $150 mn each from the partners to build a digital-first asset-management platform aimed at India’s swelling investor class.
The backdrop is robust. BlackRock ended 2025 with record assets under management of $14.04 tn, helped by $698 bn in net inflows, including $342 bn in the fourth quarter alone. Scale gives Fink both heft and a long lens on where money is moving.
He has been openly bullish on India. At the Saudi-US Investment Summit in Riyadh last year, Fink argued that the “fog of global uncertainty is lifting”, with capital returning to dynamic markets such as India, drawn by reforms, demographics and durable return potential.
Expect the conversation to range beyond balance sheets, into technology’s role in finance, access to capital and the mechanics of sustainable growth in a fracturing world order. For investors and policymakers alike, it is a snapshot of how big money is thinking about India.
At a time when capital is cautious and growth is contested, India wants to be the exception. When Ambani and Fink share a stage, it is less a chat and more a signal. The world’s money is still looking for its next big story, and India intends to be it.
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