Cable TV
Madras HC admits PIL against minister Dayanidhi Maran
MUMBAI: The Madras HC has admitted a Public Interest Litigation (PIL), which accuses the Union minister of communications and information technology Dayanidhi Maran for releasing advertisements worth Rs 100 million to the family-owned Sun TV Network.
According to a Times of India report, justices M Karpagavinayagam and A R Ramalingam on 9 March admitted a writ petition on the case that would come up for hearing before the chief justice on 13 March. The PIL, filed by J Veparasu, accuses Maran of abusing the office of the Union minister.
Veparasu, in the PIL, has sought an HC direction for a CBI investigation into all transactions since May 2004, when Maran assumed the office as Union minister. He has also sought an interim injunction restraining Maran’s ministry from releasing any advertisement to Sun TV Group channels and publications till his PIL is disposed.
The Chennai-headquartered Sun TV group, which has 15 television channels, four print publications and two radio channels, is owned by Maran’s elder brother Kalanithi Maran.
The crux of the petition is that, though there are many private producers who telecast their programmes on the Sun group channels, Maran has not released even a single advertisement to their programmes. The petitioner alleges that the advertisements went exclusively to programmes telecast and produced by Kalanithi Maran.
Maran, now under fire for committing breach of oath under Schedule III of the Constitution, has also been accused of neglecting government-owned channels when it came to advertisement support.
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.
