LONG-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2011

LONG-TERM INVESTMENTS

Schedule of long-term investments

	December 31,
	2011		2010
	(In thousands)
Equity method investments	$	10,873	$	148,607
Cost method investments		82,318		39,014
Auction rate securities		5,870		13,100
Long-term marketable equity securities		74,691		—
Total long-term investments	$	173,752	$	200,721

Schedule of equity method investments

	December 31,					Percent Ownership of Common Stock
	2011			2010
	(In thousands)
Meetic (Europe)	$	—		$	130,043		See Note 5
Other		10,873			18,564
Total equity method investments included in long-term investments		10,873			148,607
The Newsweek/Daily Beast Company (United States) included in accrued expenses and other current liabilities		(8,186	)		—		50	%
Total equity method investments	$	2,687		$	148,607

Schedule of summarized aggregated financial information of equity method investments

	December 31,
	2011			2010
	(In thousands)
Balance sheet data(a):
Current assets	$	42,527		$	83,948
Non-current assets		45,852			388,518
Current liabilities		(47,085	)		(89,505	)
Non-current liabilities		(11,044	)		(18,900	)

	Twelve Months Ended December 31,
	2011			2010		2009
	(In thousands)
Operating data(a):
Net sales	$	368,433		$	275,584	$	114,128
Gross profit		105,749			67,716		36,900
Net (loss) income		(17,636	)		14,083		(4,966	)

(a)

Summarized financial information for the Company's equity method investments is presented for the periods during which the Company holds or held an equity ownership interest. The summarized financial information for certain equity method investments is presented on a one quarter lag.