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Tag: Network18 Media & Investments

  • Network18 seizes full control of Marathi news channel in Rs 25 crore deal

    Network18 seizes full control of Marathi news channel in Rs 25 crore deal

    MUMBAI: Network18 Media & Investments has moved swiftly to acquire complete control of IBN Lokmat News Pvt Ltd, snapping up 86.25 million equity shares and preference holdings from its long-time partner Lokmat Media Pvt Ltd for Rs 25 crores. Come late October, IBNL will be Network18’s wholly owned subsidiary.

    The transaction marks a decisive shift in the broadcaster’s strategy towards the Marathi news market, where News18 Lokmat reigns as the segment leader. IBNL, which Network18 and the Lokmat Group established as a joint venture in 2007, has been quietly expanding. Its revenues jumped from Rs 22.5 crore in FY2022-23 to Rs 31.1 crore the following year, then surged again to Rs 36.5 crore by FY2024-25—a clear signal that the channel is hitting its stride.

    The deal is a related party transaction structured at arm’s length, with independent valuations from Ernst & Young Merchant Banking Services signing off. Network18’s promoters and group companies have no stake in the arrangement. Regulators have given the green light; no government approval is required. The acquisition should close before month’s end, cementing Network18’s dominance in regional news.

  • Network18 flexes muscle in brutal news market as rivals gasp

    Network18 flexes muscle in brutal news market as rivals gasp

    MUMBAI: Network18 Media & Investments is allegedly India’s undisputed news titan, but even emperors struggle when their kingdom is contracting. The media giant posted a crisp 7.2 per cent year-on-year rise in operating revenue to Rs 477 crore in the second quarter, yet the underlying story is far more complicated: the firm is buying market share by keeping costs flat rather than harvesting profits from its dominance.

    The numbers are seductive on the surface. Network18 commands 13.5 per cent all-India viewership share in news, reaches over 250 million people monthly—roughly 30 per cent more than its nearest rival—and operates 20 channels spanning 12 languages. Its YouTube network racked up 13 billion video views this quarter, three times its closest competitor. CNBC TV18 lords over business news with 67.8 per cent share. News18 India owns Hindi at 13.1 per cent. CNN News18 dominates English with 36.7 per cent.

    Yet look closer and the picture is not as rosy. Revenue growth of 7.2 per cent matched operating expense growth of 7.2 per cent. Not one rupee of margin expansion. For the half year, revenue limped ahead just 1.1 per cent whilst operating costs stayed flat.

    The digital realm offers crumbs of comfort. Network18 ranks second for digital news reach with 270 million monthly users. Moneycontrol, its financial news crown jewel, boasts 1.8 times the page views and three times the time spent of its nearest rival. The premium subscription service Moneycontrol Pro hit one million paid subscribers. The newly minted Moneycontrol Super Pro is gaining traction. YouTube accounts at News18.com are expanding multilingual hyperlocal coverage with AI-powered podcasts and rapid-read summaries. Firstpost’s YouTube channel is approaching nine million subscribers.

    Diversification beyond advertising is no longer optional—it’s survival. Moneycontrol’s fintech arm announced a partnership with HDFC Bank to offer personal loans through its platform. Creator18 has engaged over 1,000 social media influencers to pivot into culture, commerce and fashion. These feel like the right moves. 

    The real profit story could be better. Standalone total income reached Rs 478.8 crore this quarter, yet total expenses clocked Rs 548.9 crore, leaving a pre-tax loss of Rs 70.1 crore before exceptional items. The Eenadu Television windfall—a Rs 587 crore exceptional gain from fair-valuing a 24.5 per cent stake after losing voting control—masked the red ink. 

    Consolidated figures tell a sharper story. Pre-tax profit of Rs 41.2 crore this quarter looks respectable until you remember it came on total income of Rs 500.8 crore. Last year’s comparatives of Rs 2,059.4 crore are a mirage: they included operations since deconsolidated. The company swung from a Rs 152.3 crore loss to a Rs 41.2 crore profit, but the goalposts moved entirely.

    Network18’s regional ambitions reveal its strategic thinking. The board approved acquisition of the remaining 50 per cent stake in IBN Lokmat News Pvt. Ltd. for Rs25 crore, transforming News18 Lokmat into a wholly owned subsidiary. Marathi news generates revenue momentum, and full ownership could unlock margin expansion. Could. That word carries weight.

    Adil Zainulbhai, chairman, declared the move “another step in that direction” of becoming “the one-stop news destination” whilst positioning the firm to benefit from government initiatives to boost consumer demand. The language is hopeful. The arithmetic is unforgiving.

    Network18 conquered the mountain and discovered nothing worth eating at the top. Market dominance means nothing when advertising inventory shrinks seven per cent industry-wide. Viewership share rises whilst revenue flatlines—the very definition of a saturated market where volume gains evaporate into pricing pressure. 

    Fintech partnerships, influencer ecosystems, and subscription tiers are the moves of a legacy business fighting for relevance, not a titan in its ascendancy. The firm hasn’t yet proven these new ventures can move the needle at scale. Until they do, Network18 remains a winner in a losing game.

  • Mallika Nath Handa inks a new chapter with Network18 leadership move

    Mallika Nath Handa inks a new chapter with Network18 leadership move

    MUMBAI: When it comes to building big brand bridges, Mallika Nath Handa knows the blueprint. The seasoned media and partnerships leader has joined Network18 Media & Investments Limited in August 2025 to helm Building Strategic Relationships, marking yet another power move in a two-decade career spanning India’s biggest media and digital houses.

    Handa’s career arc is as eclectic as it is impressive. She most recently spent 1 year and 9 months at Zomato, where she headed partnerships and played a pivotal role in shaping the food-tech major’s brand-building efforts. Before that, she spent a mammoth 11 years and 8 months at Times Internet, rising to the position of head of revenue and branded content for Indiatimes Lifestyle Network.

    Her early innings saw her hold senior sales roles at AIDEM Ventures (1 year 11 months), NDTV Media (4 years 3 months), and Star TV (2 years 5 months). Across these stints, she sharpened her expertise in revenue growth, branded content, digital innovation, and strategic partnerships, working at the intersection of media, technology, and brand storytelling.

    An alumna of the National Institute of Fashion Technology (2000–2004) with a degree in Fashion Design and Information Technology, Handa’s journey reflects a blend of creativity and commercial acumen, a combination that’s particularly suited to navigating Network18’s expansive media ecosystem.

    The move comes as Network18 continues to deepen its relationships with advertisers, creators, and platforms in an increasingly fragmented media landscape. With her proven track record in forging partnerships and scaling businesses, Handa’s entry signals the company’s intent to fortify its strategic growth playbook.

    From fashion design to food-tech to forging the future of one of India’s largest media networks, Handa’s career trajectory proves she has always been in the business of connections and at Network18, she now gets to take that literally.

  • Reliance Industries: a subsidiary change

    Reliance Industries: a subsidiary change

    MUMBAI: Network18 Media & Investments informed the Bombay stock exchange on the evening of 31 December that Viacom18 India had ceased to be its subsidiary on 30 December and become a direct offshoot of Reliance Industries Ltd (RIL).

    This, it said,  happened when RIL converted 24,61,33,682 compulsorily convertible preference shares (CCPS) held by it in Viacom18 into 24,61,33,682 equity shares. Post this conversion, RIL’s equity holding in Viacom18 went up to 83.88 per cent and 70.49 per cent on a fully diluted basis. Network18 ended up with 16.12 per cent of Viacom18’s  total equity share capital and 13.54 per cent on a fully diluted basis. On 14 November, RIL had informed  the exchange that its stake in Viacom18 was at 70.49 pr cent on a fully diluted basis following its acquisition of Paramount’s 13.01 per cent stake (on a fully diluted basis) in it for Rs 4,286 crore. 

    AS per the BSE regulatory filing, Viacom18 was a material subsidiary of Network18 with nil turnover and a net worth of Rs 26,928.17 crore (representing 90.39 per cent, of the annual consolidated net worth of  Network18) for the financial year 2023-24.

    Network18    received     intimation     from     Viacom18     on 30 December at 7:46 p.m. regarding the allotment of equity shares to RIL pursuant to conversion of CCPS.

    The shareholders of Network18 had earlier approved this change of ownership.

    With this transition, Viacom18 will now operate under RIL control.