Cable TV
Telangana MSOs continue to boycott two news channels
MUMBAI: The Telangana Multiple System Operators (MSOs) on 11 August 2014 decided to continue blockade of TV9 and ABN Andhra Jyothi news channels, a mediahouse reported.
Federation of Telangana MSOs’ president M Subhash Reddy, charged the channels of telecasting objectionable content that hurt the sentiments of Telangana people and said, “Even the Telangana state assembly took cognisance of the objectionable content.”
The Federation maintained that they had presented their case to the High Court and responded to a notice served by the Telecom Regulatory Authority of India (TRAI). “The TRAI sought explanation on why we had stopped the two channels without the mandatory 15-day notice and we explained the reasons. There was pressure on us from the Telangana people and we had to act,” the president of the federation said.
At a meeting attended by district representatives, the Federation of Telangana MSOs said they are planning to send a delegation to the I&B minister to explain to him the events that led to the cable operators blocking these two news channels.
Reddy also added that since the channels are not doing anything to find a resolution to the problem, the MSOs will stick to their decision of blocking the channels.
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.
