INVESTMENTS IN UNCONSOLIDATED COMPANIES

6 Months Ended

Jun. 26, 2016

INVESTMENTS IN UNCONSOLIDATED COMPANIES

3. INVESTMENTS IN UNCONSOLIDATED COMPANIES

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


(in thousands)	% Ownership	June 26,		December 27,
Company	Interest	2016		2015
CareerBuilder, LLC	15.0	$	237,348	$	230,170
Other	Various		4,992		3,368
		$	242,340	$	233,538

During the six months ended June 26, 2016, our proportionate share of net income from certain investments listed in the table above was greater than 20% of our condensed consolidated net loss before taxes. Summarized condensed financial information, as provided to us by these certain investees, is as follows:


	Six months ended
	June 26,		June 28,
(in thousands)	2016		2015
Net revenues	$	351,906	$	351,189
Gross profit		328,770		325,238
Operating income		49,152		64,065
Net income		49,154		61,416

On February 23, 2016, we, along with Gannett Co. Inc. and Tribune Publishing Co. (now “tronc, Inc.”) (the “Selling Partners”) sold all of the assets in HomeFinder LLC (“HomeFinder”) to Placester Inc. (“Placester”) in exchange for a small stock ownership in Placester and an affiliate agreement with Placester to continue to allow the Selling Partners to sell Placester and HomeFinder’s products and services. As a result of this transaction, during the quarter ended March 27, 2016, we wrote off our HomeFinder investment of $0.9 million, which is recorded in equity income in unconsolidated companies, net, on our condensed consolidated statements of operations.