Nominated for 10 Oscars and winner of 4 in 1977:
Best Actor in a Leading Role: Peter Finch (Nomination and award were posthumous. Finch became the first posthumous winner in an acting category. His widow Eletha Finch and screenwriter Paddy Chayefsky accepted the award on his behalf.)
Best Actress in a Leading Role: Faye Dunaway
Best Actress in a Supporting Role: Beatrice Straight
Best Writing, Screenplay Written Directly for the Screen: Paddy Chayefsky
Other Nominations:
Best Picture: Howard Gottfried ('Network' becomes the second film to win three awards for acting, following A Streetcar Named Desire (1951).)
Best Actor in a Leading Role: William Holden
Best Actor in a Supporting Role: Ned Beatty
Best Director: Sidney Lumet
Best Cinematography: Owen Roizman
Best Film Editing: Alan Heim