Investments

Our investments include several that are accounted for under the equity method. Principal among these are the following:



	% Owned Dec. 28, 2014
Ponderay Newsprint Company	13.50%
Captivate Holdings, LLC	16.74%
California Newspapers Partnership	19.49%
Wanderful Media, LLC	19.50%
4Info	24.53%
Livestream	27.73%
Pearl, LLC	32.10%
Homefinder.com	33.33%
Topix	33.71%
Garnet Media	34.00%
Texas-New Mexico Newspapers Partnership	40.64%
TNI Partners	50.00%

The aggregate carrying value of equity investments at Dec. 28, 2014, was $95.7 million and $164.9 million at Dec. 29, 2013. Certain differences exist between our investment carrying value and the underlying equity of the investee companies principally due to fair value measurement at the date of investment acquisition and due to impairment charges we recorded for certain of the investments.

Our 2014 results included a pre-tax gain of $148.4 million related to the sale of Apartments.com by Classified Ventures. This gain is reflected in the Equity income in unconsolidated investees, net line.