Cable TV
MyNetworkTV, Young Broadcasting enter affiliation agreement for Kron
MUMBAI: MyNetworkTV, the new primetime general entertainment television network, and Young Broadcasting Inc., (YBI) have entered into an affiliation agreement for Kron.
The announcement was jointly made today by Fox Television Stations CEO Jack Abernethy and YBI chairman Vincent Young.
Kron, a leading independent television station, joins a rapidly growing list of stations joining the MyNetworkTV affiliate base. Its affiliation with MyNetworkTV marks Krons return to network television. MyNetworkTV is cleared in 52 markets throughout the United States, representing 51 per cent of the country. The network will launch on 5 September 2006.
Abernethy said, “Kron, one of the great independent stations in the country, is a powerful brand and an icon in the San Francisco market which it has served for the past 50 years. The Bay Areas leading source of local news and entertainment, Krons affiliation with MyNetworkTV is a significant agreement for us and we are excited to be partnered with Young Broadcasting.”
“Kron is coming home to the network television business. We are delighted that Fox and its new network recognize the enormous value inherent in an affiliation with Kron in San Francisco. For Young Broadcasting, this represents an opportunity to grow our business with the last group to successfully launch a new national network. The partnership will link two dynamic brand names in San Francisco to provide strong entertainment programming and expanded advertising opportunities,” said Young.
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.
