Cable TV
Can a MSO block a channel airing unfavourable poll survey?
MUMBAI: It’s a classic case of how politicking could intrude the media space. It’s not just about garnering eyeballs, buying advertising slots, publishing advertorials or simply influencing the electorate potentially through favourable exit or etc poll outcomes.
Here, it’s a straight case of gagging the media which may purportedly harm one faction’s interest, and the Tamil Nadu state machinery seems to be involved.
Tamil television news channel Puthiya Thalaimurai on 7 April protested against its alleged blackout in 15 districts of the state. The channel wrote to the Tamil Nadu Arasu Cable TV Corporation (TACTV) managing director J. Kumaragurubaran that its channel was taken off air since the previous night after it aired the results of a poll survey in the Dr. Radhakrishnan Nagar constituency, where a byelection was scheduled to be held on 12 April.
The channel’s CEO R.B.U. Shyam Kumar said that the survey results had reflected the mood of the voters. Kumaragurubaran urged Arasu to consider its plea to protect the rights of the media and take immediate action.
The state-run TACTV blacked out Puthiya Thalaimurai channel on Thursday night as its survey of the RK Nagar constituency saw voters recognising O Panneerselvam as the natural political heir of Jayalalithaa over Sasikala (and not incumbent Edappadi Palaniswami) as the future chief minister. AIADMK chief and late CM’s incarcerated companion VK Sasikala’s nephew TTV Dinakaran was reportedly involved in the blackout.
In the backdrop of the R.K. Nagar bypolls, Tamil Nadu woke up to income-tax raids on Friday morning in an apparent crackdown on cash distribution among voters. In the constituency, documents suggesting money distribution to the tune of Rs 120 crore were seized from the MLA hostel.
IT officials surveyed the house and other locations of the state health minister Dr. C. Vijaya Bhaskar, an important member of the Sasikala faction and a known fundraiser. Another IT team checked the residence bungalow of AISMK head and actor-politician R. Sarath Kumar, who had declared his support to TTV Dinakaran, allegedly at a price. The raids also covered MGR Medical University vice chancellor Dr. Geethalakshmi, who may be the conduit of black money from private medical colleges in the state.
DMK interim president, M K Stalin, meanwhile demanded of the chief minister Edappadi K Palaniswamy to sack Vijayabaskar from ministerial position.
Seeking to influence the voter may not be new. But, trying to block independent television channels airing pro or anti-factional surveys is unheard of. Puthiya Thalaimurai strangely went off the air in the districts where mostly Arasu Cable signals are distributed.
Cable TV
Den Networks Q3 profit steady despite revenue pressure
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.








