Investments (Tables)

9 Months Ended

Sep. 30, 2018

Investment [Line Items]

Schedule of Investments

Investments consisted of the following (in thousands):

	September 30, 2018		December 31, 2017
Equity method investments	$	1,205,893	$	1,254,198
Other equity investments	25,980		27,593
Total investments	$	1,231,873	$	1,281,791

Equity Method Investments Information

Income on equity investments, net reported in the Company’s unaudited Condensed Consolidated Statements of Operations consisted of the following (in thousands):

	Three Months Ended						Nine Months Ended
	September 30, 2018			September 30, 2017			September 30, 2018			September 30, 2017
Income on equity investments, net, before amortization of basis difference	$	44,850		$	33,609		$	161,493		$	139,808
Amortization of basis difference	(12,469		)	(12,551		)	(37,407		)	(40,952		)
Income on equity investments, net	$	32,381		$	21,058		$	124,086		$	98,856

Distributions from Equity Investments

Cash distributions from the Company’s equity method investments were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Cash distributions from equity investments	$	—	$	32,911	$	158,926	$	182,561

Television Food Network, G.P.

Investment [Line Items]

Equity Method Investments Information

Summarized Financial Information—Summarized financial information for TV Food Network is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Revenues, net	$	294,308	$	274,754	$	924,407	$	880,868
Operating income	$	139,679	$	157,207	$	474,223	$	547,363
Net income	$	142,903	$	123,009	$	484,781	$	447,348

CareerBuilder, LLC and Dose Media, LLC

Investment [Line Items]

Equity Method Investments Information

Summarized financial information for CareerBuilder and Dose Media is as follows (in thousands):

	Three Months Ended					Nine Months Ended
	September 30, 2018 (1)		September 30, 2017			September 30, 2018 (1)		September 30, 2017
Revenues, net	$	119,502	$	165,961		$	432,330	$	505,383
Operating income (loss)	$	10,698	$	(9,661	)	$	26,759	$	373
Net income (loss)	$	3,884	$	(14,090	)	$	102,541	$	(842	)