Background: Incorporated in 2007, DEN Networks is a leading Multiple System Operators (MSO) in the Indian TV Distribution Industry, with ~11mn households (digital and analog). DEN has controlling stakes in smaller MSO's and utilizes (Local Cable Operators) LCOs to provide the last mile cable link to reach subscribers. It has also obtained Internet service provider (ISP) license and has plans to roll out broadband internet services in select cities. In 2010, DEN became the first MSO (listed space) to post a positive PAT. DEN Networks has partnered with STAR, ZEE and Turner in MediaPro (DEN Networks holds an effective 25% stake in the JV). MediaPro is India's...