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Comcast Disney drama continues, new bids for the Mouse likely

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MUMBAI: Two days after Comcast announced its bid for Disney, there seems to be no definite turn of events on the matter. But one thing for sure that will come out of the merger is that it would fundamentally redraw the lines in a constant battle between cable and satellite systems and ESPN over rates for sports programming.

Comcast is ESPN’s biggest customer and ESPN is the most costly and the most valuable basic cable network which puts them on opposite ends of tough negotiations over the price to carry the popular sports channel. Every year, Disney has raised the asking price for its ESPN network by as much as 20 per cent, and cable companies, such as Comcast and Cox Communications Inc. have balked.

Now, Comcast’s unsolicited bid for Disney would, for the first time, put ESPN in the hands of a company that has the ability to distribute it – and raise prices for its rivals like Disney does – potentially stirring up the contentious issue some more. Of course as a corporate parent of Disney, Comcast would want to boost profits from both ESPN and its own cable properties, a balance that is tricky, but not impossible.

Whatever said and done, in the end Comcast would have to comply with the FCC’s program access rules, which would guarantee access to ESPN.

While all these issues are being thrown up, Walt Disney CEO Michael Eisner at a presentation to analysts yesterday, joked about how they planned to buy Comcast. According to one media report, after about eight hours of presentation, Eisner was the first Disney executive to make any direct mention of the bid by Comcast, after someone in the audience asked him about Disney’s acquisition strategy. “Acquisitions? Oh – we’re buying Comcast!” he joked.

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Eisner even went to the extent of jesting at Pixar CEO and co-founder of Apple Computer Inc. whose Macintosh computers are a leading alternative to PCs running Microsoft Corp.’s Windows operating system Steve Jobs. Eisner was quoted in a media report saying, “He created the computer, or at least Windows, or whatever he created, and did a good job.” There were peals of laughter from analysts attending the company conference in Orlando, Florida where he was addressing the collapse of talks between Disney and Pixar on extending their partnership, which has generated five smash hits including last year’s Finding Nemo. Since those talks failed late last month, Eisner and Jobs have traded barbs, each blaming the other.

The presentation to analysts were meant in part to counter that charge by showing the company’s turnaround strategy will pay off with strong growth through at least 2007. Eisner also said that the company would consider a higher dividend as a use for the company’s cash. He was quoted in a media report as saying, “We pay a pretty good dividend, I mean as far as size of the money. I’m sure we’ll be talking about that as well.”

In the midst of all this, while News Corp’s Rupert Murdoch said that he was not interested in making a bid for Disney, it was reported in The Post that Time Warner is weighing a possible bid for the company to counter Comcast’s surprise hostile takeover offer for Disney. Time Warner, the world’s biggest media company, was scheduled to hold a conference call with investment bankers to discuss the possibility of making a run at Disney as was reported in the paper.

Meanwhile, Pixar Animation Studios’ Steve Jobs was also understood to be in active discussions with parties, including cable operators, about putting together a team to emerge as a potential bidder for the Mouse House. One media report said that the potential suitors for Disney, including Time Warner, Viacom and Pixar were being forced to jockey for position in what may turn into a bidding war for Disney following the $66 billion unsolicited takeover bid that Comcast launched.

Now it is only a matter of wait and watch to find out which cat finally manages to nip the much-sought-after Mouse.

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Netflix India names Rekha Rane director of films and series marketing

Streaming giant bets on a seasoned marketer who helped build Amazon and Netflix into household names

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MUMBAI: Netflix has put a proven brand builder at the helm of its films and series marketing in India, naming Rekha Rane as director in a move that signals sharper focus on audience growth and cultural cut-through in one of its most hotly contested markets.

Rane steps into the role after seven years at Netflix, where she has quietly shaped how the platform sells stories to India. Her latest promotion, effective February 2026, crowns a run that spans brand, slate and product marketing across originals, licensed content and new verticals such as games.

A strategic marketing and communications professional with roughly 15 years’ experience, Rane has spent much of her career building technology-led consumer businesses and new categories, notably e-commerce and subscription video on demand. She was part of the early push that introduced Amazon.in, Prime Video and Netflix to Indian homes, then helped turn them into everyday brands.

At Netflix, she most recently served as head of brand and slate marketing for India from March 2024 to February 2026, leading teams across media and marketing for global and local content portfolios. Before that, as manager for original films and series marketing, she led IP creation and go-to-market strategy for titles including Guns and Gulaabs, Kaala Paani, The Railway Men* and The Great Indian Kapil Show, spanning both binge and weekly-release formats.

Her earlier Netflix roles covered product discovery and promotion in India and integrated campaign strategy to drive conversations around the content slate, product awareness and brand-equity metrics.

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Before Netflix, Rane logged more than three years at Amazon in brand marketing roles in Bengaluru. There she handled national and regional campaigns for Amazon.in, worked on customer assistance programmes in growth geographies and contributed to the go-to-market strategy for the launch of Prime Video India.

Her career began well away from streaming. At Reliance Brands in Mumbai, she worked on retail marketing for Diesel and Superdry. A stint at Leo Burnett saw her work on primary research for P&G Tide, mapping Indian shoppers’ paths to purchase. Earlier still, at Orange in the United Kingdom, she rose from sales assistant to store manager, running a team and owning monthly P&L for a retail outlet.

The arc is telling. As global streamers fight for attention in a crowded Indian market, executives who understand both mass retail behaviour and digital habit-building are prized. Rane’s career sits at that intersection.

For Netflix, the bet is simple: in a market spoilt for choice, sharp marketing can still tilt the screen. And with Rane now leading the charge, the streamer is signalling it wants not just viewers, but fandom.

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Orient Beverages pops the fizz with steady Q3 gains and rising profits

Kolkata-based beverage maker reports stronger revenues and profits for December quarter.

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MUMBAI: A fizzy quarter with a steady aftertaste that’s how Orient Beverages Limited, the company that manufactures and distributes packaged drinking water under the brand name Bisleri closed the December 2025 period, as the Kolkata-based drinks maker reported improved revenues and a healthy rise in profits, signalling operational stability in a competitive beverage market.

For the quarter ended December 31, 2025, Orient Beverages posted standalone revenue from operations of Rs 39.98 crore, up from Rs 36.42 crore in the previous quarter and Rs 33.53 crore in the same quarter last year. Total income for the quarter stood at Rs 42.24 crore, reflecting consistent demand and stable pricing across its beverage portfolio.

Profit before tax for the quarter came in at Rs 3.47 crore, a sharp improvement from Rs 1.31 crore in the September quarter and Rs 0.39 crore a year ago. After accounting for tax expenses of Rs 0.79 crore, the company reported a net profit of Rs 2.68 crore, nearly three times the Rs 0.99 crore recorded in the preceding quarter.

On a nine-month basis, the momentum remained intact. Revenue from operations for the period ended December 31, 2025 rose to Rs 117.66 crore, compared with Rs 106.95 crore in the corresponding period last year. Net profit for the nine months climbed to Rs 5.51 crore, more than double the Rs 2.18 crore reported in the same period of the previous financial year.

The consolidated numbers told a similar story. For the December quarter, consolidated revenue from operations stood at Rs 45.06 crore, while profit after tax came in at Rs 2.06 crore. For the nine-month period, consolidated revenue touched Rs 133.57 crore, with net profit of Rs 4.49 crore, underscoring the group’s improving profitability trajectory.

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Operating expenses remained largely controlled, with cost of materials, employee benefits and other expenses broadly aligned with revenue growth. The company continued to operate within a single reportable segment beverages simplifying its cost structure and reporting framework.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 February 2026. Statutory auditors carried out a limited review and reported no material misstatements in the results.

In a market where margins are often squeezed by input costs and competition, Orient Beverages’ latest numbers suggest the company has found a reliable rhythm not explosive, but steady enough to keep the fizz alive.

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Washington Post CEO exits abruptly after newsroom cuts spark backlash

Leadership change follows layoffs, protests and a bruising battle over trust.

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MUMBAI: When the presses are rolling but patience runs out, even the editor’s chair isn’t safe. The Washington Post announced on Saturday that its chief executive and publisher Will Lewis is stepping down with immediate effect, bringing a sudden end to a turbulent two-year tenure marked by financial strain, newsroom unrest and public backlash.

Lewis’s exit comes just days after the Bezos-owned newspaper announced sweeping job cuts that triggered protests outside its Washington headquarters and a wave of anger from readers and staff. While newspapers across the US are grappling with shrinking revenues and digital disruption, Lewis’s leadership had increasingly come under fire for how those pressures were handled.

The Post confirmed that Jeff D’Onofrio, a former Tumblr CEO who joined the organisation last year as chief financial officer, has taken over as CEO and publisher, effective immediately. In an email to staff, later shared by reporters on social media, Lewis said it was “the right time for me to step aside.”

The leadership change follows the announcement of large-scale redundancies earlier this week. While the Post did not officially confirm numbers, The New York Times reported that around 300 of the paper’s roughly 800 journalists were laid off. Entire teams were dismantled, including the Post’s Middle East bureau and its Kyiv-based correspondent covering the war in Ukraine.

Sports, graphics and local reporting were sharply reduced, and the paper’s daily podcast, Post Reports, was suspended. On Thursday, hundreds of journalists and supporters gathered outside the Post’s downtown office in protest, calling the cuts a blow to public-interest journalism.

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Former executive editor Marty Baron described the moment as “among the darkest days in the history of one of the world’s greatest news organisations.”

Lewis defended his record in his farewell note, saying “difficult decisions” were taken to secure the paper’s long-term future and protect its ability to publish “high-quality nonpartisan news”. But his tenure coincided with growing scrutiny of editorial independence at the Post.

Owner Jeff Bezos faced criticism for reining in the paper’s traditionally liberal editorial page and blocking an endorsement of Democratic presidential candidate Kamala Harris ahead of the 2024 US election. The move was widely seen as breaking the long-standing firewall between ownership and editorial decision-making.

According to a Wall Street Journal report, around 250,000 digital subscribers cancelled their subscriptions after the paper declined to endorse Harris. The Post reportedly lost about $100 million in 2024 as advertising and subscription revenues slid.

While the wider newspaper industry continues to battle declining print advertising and the pull of social media, some national titles have stabilised. Rivals such as The Wall Street Journal and The New York Times have managed to build sustainable digital businesses, a turnaround that has so far eluded the Post despite its billionaire backing.

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As Jeff D’Onofrio steps into the role, the challenge is stark, restore confidence inside the newsroom, win back readers who walked away, and prove that one of America’s most storied newspapers can still find its footing in a brutally competitive media landscape.

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