Cable TV
Comcast taps SEC’s Daniel C. Murdock as VP, corporate controller
MUMBAI: Comcast Corporation has appointed Daniel C. Murdock as vice president, corporate controller.
In this role, Murdock will serve as a senior leader within Comcast’s finance department and oversees accounting policies and procedures, reporting controls, and Sarbanes-Oxley compliance.
He reports to Comcast Corporation EVP and chief accounting officer Lawrence Salva.
“Dan is highly experienced in corporate financial internal controls, financial accounting standards and auditing, and I am excited he has joined our team. Throughout his career, he has developed an impressive track record of ensuring the highest standards of transparency and accuracy in accounting, which Comcast strongly values and fits perfectly within our culture,” said Salva.
Murdock joins Comcast from the Securities and Exchange Commission (SEC) where he served as the deputy chief accountant in the agency’s office of the chief accountant since 2013. Prior to the SEC, he was Deloitte & Touche LLP’s Audit/Industry professional practice director for media and entertainment.
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.
