INVESTMENTS IN UNCONSOLIDATED COMPANIES

3 Months Ended

Mar. 31, 2013

INVESTMENTS IN UNCONSOLIDATED COMPANIES

2. INVESTMENTS IN UNCONSOLIDATED COMPANIES

The carrying value of investments in unconsolidated companies consisted of the following:

(in thousands)	% Ownership	March 31,		December 30,
Company	Interest	2013		2012
CareerBuilder, LLC	15.0	$	213,270	$	210,365
Classified Ventures, LLC	25.6	75,942		69,907
HomeFinder, LLC	33.3	2,203		2,573
Wanderful Media	11.4	2,327		2,551
Seattle Times Company (C-Corporation)	49.5	—		—
Ponderay (general partnership)	27.0	11,182		11,375
Other	Various	2,774		2,832
		$	307,698	$	299,603

During the quarter ended March 31, 2013, our proportionate share of net income from certain investees listed in the table above was greater than 20% of our consolidated net loss before taxes. Summarized condensed financial information, as provided to us by these certain investees, is as follows:

	Three Months Ended
	March 31,		March 25,
(in thousands)	2013		2012
Net revenues	$	308,832	$	295,513
Operating income	47,248		38,023
Net income	51,131		37,536

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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