Cable TV
Zee Turner bouquet switched off InCableNet in Mumbai
MUMBAI: At the rate the Hinduja Group MSO InCablenet is getting switched off by the different pay bouquets, it could soon qualify as a free-to-air platform. After ESPN Star Sports and SET-Discovery, it was the turn of Zee-Turner today to switch off its bouquet of channels on InCablenet in Mumbai.
A statement issued by Zee said the move came in the wake of large outstandings on the part of InCablenet.
The only major pay bouquet now available on InCablenet is the Star Network. According to informed sources, there was a lengthy meeting today between InCablenet officials and the Star distribution team today during which some agreement was reportedly reached.
Commenting on the switching off the Zee-Turner bouquet of channels, Zee Turner CEO Sunil Khanna was quoted in the release as saying, “We have been holding talks with InCable Network since a long time but due to large outstandings of over three months, we are forced to take this action.”
Zee Turner is the largest television network in India with 17 television channels, which includes Zee TV, Zee Cinema, Zee News, Zee Music, Alpha Marathi, Alpha Punjabi, Alpha Bangla, Alpha Gujarati, Zee English, Zee MGM, trendz, CNN, CNBC, Cartoon Network and Reality TV.
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One Alliance switches off InCablenet over pending dues
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.
