The national MSOs, are, in fact, almost all profitable, with even newer ones like Den Networks having posted a 20.7% yoy revenue growth in Q3 of the fiscal just ended, including a 6.6% rise in its net profit. That is why the added bonanza of TV channels having to now mandatorily pay MSOs carriage fees caused MSO share prices to jump after the TRAI tariff order was announced-- even as listed broadcaster scrips sank.
Shares of Hathway Cable and Datacom had closed last Wednesday (May 2) at Rs 185.40, 19.23% above its previous BSE close, missing the upper circuit by a small margin, Den Networks also touched an intraday high of Rs 116.90, before closing at Rs 110.80, 2.12% above its previous close, etc.
