Cable TV
Consumer group demands government action on CAS
The Consumer Action Network (CAN) has censured the central government for failing to implement the recommendations of the task force on the introduction of a Conditional Access System.
CAN held a seminar on ‘Cable TV : New Age Dictatorship’ in New Delhi on 16 April, where speakers denounced ever increasing cable rates and subsequent government inaction. An organisation comprising a group of spirited citizens with special concern for consumer welfare, CAN claims the seminar helped raise several related issues faced by cable consumers.
The purpose of the seminar was to highlight and voice issues currently faced by cable TV viewers in the country. It aimed at being a platform for face – to – face dialogue with cable ops and broadcasters. Speakers included former MRTP acting chairman Sardar Ali, journalist Saeed Naqvi, Hinduja TMT executive vice president Ashok Mansukhani, Delhi high court advocate Shyam Moorjani, and CAN president Ahmed Abdi.
Some of the issues discussed at the seminar included freedom of choice, arbitrary rate hikes, absence of any regulatory authority in India unlike other countries and lack of initiative on the government’s part.
Abdi lamented the present state of the consumer who has neither choice in selection of channels nor in deciding the rates. Cable rates have increased by more than 400 per cent in five years, he pointed out. He alleged that suits broadcasters to delay the introduction of Conditional Access as they would no longer be able to bundle their weak channels and sell them forcibly along with the popular channels.
Naqvi commented that there was a need to create awareness on such issues through forums, debates and seminars. Moorjani stressed on the need for a regulatory authority to be formed that can regulate the broadcasting and cable industry and protect consumers. Cable TV, which has more than 200 million users in India and which is projected to grow into a Rs 5000 billion advertising industry, does not have any regulatory authority, he said.
Speaking on behalf of the cable industry, Mansukhani supported the consumers’ viewpoint and said that transparency should come in and that the cable industry is sick of allegations of ‘underdeclaration’. He stressed the need for a regulatory authority and conditional access. He also stressed on the need to freeze the rates.
The recordings of the findings and suggestions of the seminar will be forwarded to the information and broadcasting ministry.
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.
