Cable TV
Time Warner promotes Priya Dogra as SVP, mergers & acquisitions
MUMBAI: Time Warner Inc. has promoted Priya Dogra as senior vice president, mergers and acquisitions.
In this role, Dogra will oversee Time Warner’s global mergers and acquisitions efforts to progress the company’s long-term corporate strategies and help define capital allocation priorities.
Time Warmer executive vice president and CFO Howard Averill said, “We are thrilled that Priya will now lead our M&A group. She has been instrumental in originating, evaluating and executing critically important transactions across the company. Given her deep understanding of the industry, strong transaction execution skills and collaborative nature, we couldn’t hope for a more effective leader for this group.”
Dogra joined Time Warner in 2009 as a director in the mergers and acquisitions group, and became the group’s vice president three years later. In this role, she worked closely with Time Warner’s divisions and served as the primary corporate liaison for divisional corporate development functions including the acquisition of content assets and television networks internationally as well as investments in digital media and over the top assets across the company.
Prior to joining Time Warner, Dogra was vice president in the Technology, Media and Telecom investment banking group at Citigroup where she spent seven years based out of the New York, London and Toronto offices covering numerous clients such as Time Warner, Sony, Discovery and Bertelsmann, and advising on a broad range of transactions including acquisitions, divestitures and financings.
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.
