Cable TV
Time Warner Cable CFO Arthur Minson quits to join startup
MUMBAI: Time Warner Cable Inc executive vice president and chief financial officer Arthur Minson is leaving the company with immediate effect.
He will remain as an advisor to the company until the Charter transaction closes.
Serving as acting co-CFOs in his place will be William F. Osbourn, Jr., who currently serves as senior vice president – controller and chief accounting officer, and Matthew Siegel, who currently serves as senior vice president and treasurer.
Minson is slated to join WeWork as president and chief operating officer. WeWork is a privately-held company that provides more than 25,000 members across the globe with space, community, and services through physical and virtual offerings. Based in New York City, WeWork currently has 42 physical locations in 15 cities and four countries around the world.
“I’ve said many times that Artie is the finest CFO in America, and I believe it just as much today. His steady hand at the helm of our financial operations, as well as his overall business acumen and judgment, has brought great benefits to our shareholders and employees, and we will miss him,” said Time Warner Cable chairman and CEO Robert D. Marcus.
“I’m grateful that Artie delayed his decision to leave until he was confident that Time Warner Cable’s path forward was established, and in particular for his role in crafting our merger agreement with Charter. We appreciate Artie’s commitment and wish him all the best as he moves on to this next exciting phase of his stellar career,” he added.
Minson said, “Being the CFO of Time Warner Cable has been a dream job. I am so fortunate to have been part of the team that over the last two years dramatically improved Time Warner Cable’s operating performance and created significant value for shareholders. I am leaving our financial function in great hands with Bill and Matt. As I embark on my next role at WeWork, I look forward to continuing to be part of the Time Warner Cable family as a strategic advisor until the closing of our merger with Charter.”
Both Osbourn and Siegel will retain their current titles and responsibilities, in addition to their co-CFO duties.
“We’re fortunate to have an incredibly strong bench on our financial team, and I have great confidence that Bill and Matt will provide steady leadership. They are proven leaders with great track records and many years of experience in the industry and with the company. They have my confidence as well as that of our Board of Directors, Finance Committee and Audit Committee,” Marcus said.
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.
