Cable TV
MIB asks Arasu: Give proof of analogue switch-off
NEW DELHI: The Tamil Nadu Arasu Cable TV Corporation (TACTV), which had early this month claimed to have gone digital, has been asked to “confirm that you have already switched off analogue signals and are carrying only digital encrypted signals on your cable TV network.”
In a letter to TACTV despatched late in the evening yesterday, the state-owned multi-system operator (Arasu) was told to reply within 10 days of issuance of the letter, “failing which your registration is likely to be suspended/revoked.”
Copies of the letter have been sent to the police commissioner in Chennai, the secretary in the Telecom Regulatory Authority of India (TRAI), and the principal secretary in the Tamil Nadu IT Department.
The letter sent by the under-secretary Anil Kumar in the Digital Addressable Service (DAS) section in the ministry of information and broadcasting said, “Since the date for TACTV to switch over to digital cable service in the state of Tamil Nadu is already over, you are directed to confirm that you have already switched off analogue signals.”
By the letter of 17 April 2017, the current letter noted, the ministry had granted provisional MSO registration to TACTV to provide cable TV network services with digital addressable system in Tamil Nadu with the condition that it will switch over to digital TV within three months, failing which its registration is likely to be suspended/revoked.
Thereafter, following a request received from the Tamil Nadu state government seeking a three-month extension, one month extension up to 17 August 2017 was granted.
TACTV had, on 1 September, announced the launch of its digital operations with the inauguration of upgraded MPEG 4 control room and distribution of free set top boxes to subscribers.
Tamil Nadu chief minister Edappadi K. Palaniswami launched DAS at Nungambakkam in Chennai. Minister for information technology M Manikandan and the chief secretary Girija Vaidyanathan were also present.
The distribution of free STBs was a promise made in the last AIADMK party manifesto by the late chief minister J Jayalalithaa. Around seven million Arasu subscribers reportedly got access to 180 channels in digital quality at a monthly subscription of Rs 125.
The STBs were to be distributed to users through local cable operators who could charge a one-time activation fee of Rs 200. The distribution of free STBs was scheduled to be completed in three months, an official release had stated.
Meanwhile, the government was yet to take a final decision on repeated reports by TRAI that states, political parties, and religious groups should not be permitted in broadcasting or distribution sectors.
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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.
