FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of fair values of the financial instruments

	June 30, 2011						December 31, 2010

	Carrying Value			Fair Value			Carrying Value			Fair Value
	(In thousands)
Cash and cash equivalents	$	622,866		$	622,866		$	742,099		$	742,099
Marketable securities		288,997			288,997			563,997			563,997
Funds held in escrow for Meetic tender offer		360,583			360,583			—			—
Auction rate securities		8,680			8,680			13,100			13,100
Long-term marketable equity security		80,961			80,961			—			—
Notes receivable		3,615			2,849			3,316			2,818
Contingent consideration arrangement		(10,000	)		(10,000	)		—			—
Long-term debt		(95,844	)		(88,640	)		(95,844	)		(83,363	)
Guarantee of The Newsweek/Daily Beast Company debt		(5,000	)		(5,000	)		—			—
Letters of credit and surety bond		N/A			(232	)		N/A			(362	)

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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+ Details