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Fox Interactive Media makes key management appointments
MUMBAI: Internet pioneers Mark Jung and Jim Heckman will take on key leadership roles for Fox Interactive Media (FIM). This announcment was made by FIM president Ross Levinsohn.
IGN CEO Jung will become COO for FIM, while Scout.com founder and CEO Heckman will become chief strategy officer.
IGN, the primary online destination for young male gaming and entertainment enthusiasts and Scout.com, a leading online sports network, were purchased last year by News Corporation and today operate under the Fox Interactive Media banner.
Jung and Heckman will relinquish their operational roles at IGN and Scout respectively and will turn their attentions to building Fox Interactive Media.
“Mark and Jim are true visionaries in the Internet space, each having built and run extremely successful companies from the ground up. They are both savvy managers and possess the kind of entrepreneurial spirit that has always been the heart of our company,” said Levinsohn.
“Fox has amassed some of the most exciting sites on the web. I am looking forward to working closely with Ross, Jim and the rest of the team on integration and creating a truly unique Internet offering,” said Jung.
“When you consider the power of Foxs worldwide brand coupled with its already massive on-line reach, the possibilities for strategic growth are boundless. Its a very exciting time for FIM, and Im thrilled with the opportunity to play a role in its development,” said Heckman.
Jung will oversee the day to day operations for the burgeoning online network of sites, including sales, technology and product and content development. The network now has 70 million monthly users and 24 billion page views. Monetizing those sites will be at the forefront of his focus, along with integrating existing and future online properties.
Heckman, who founded and built three separate online networks over the last 10 years, will focus on overall strategic planning, growth opportunities and corporate development.
Fox Interactive Media manages the internet assets from all News Corp. divisions, including the highly trafficked foxsports.com; Americanidol.com and fox.com. With the 2005 acquisitions of Intermix Media, parent company of MySpace.com; Scout Media and IGN Entertainment, News Corporation has quickly ascended to the top echelon of internet properties.
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.
