Other Non-Operating Income (Expense)

12 Months Ended

Dec. 31, 2014

Other Nonoperating Income (Expense) [Abstract]

OTHER NON-OPERATING INCOME (EXPENSE)

A summary of non-operating income (expense) is as follows:



	Year Ended December 31
(in thousands)	2014			2013			2012
Gain on sale of Classified Ventures	$	396,553		$	—		$	—
Gain on Berkshire marketable equity securities exchange	266,733			—			—
Gain on sale of headquarters building	127,670			—			—
Gain on sale of intangible assets	75,249			—			—
Foreign currency (losses) gains, net	(11,129		)	(13,382		)	3,132
(Losses) gain on sales or write-down of marketable equity securities	(3,044		)	(9,559		)	(17,564		)
(Losses) gains on sales or write-downs of cost method investments, net	(94		)	(1,761		)	6,639
Other, net	1,321			951			2,337
Total Other Non-Operating Income (Expense)	$	853,259		$	(23,751	)	$	(5,456	)

On October 1, 2014, the Company and the remaining partners completed the sale of their entire stakes in Classified Ventures. Total proceeds to the Company, net of transaction costs, were $408.5 million, of which $16.5 million will be held in escrow until October 1, 2015. The Company recorded a pre-tax gain of $396.6 million on the sale of its interest in Classified Ventures in the fourth quarter of 2014.

In July 2014, the cable division sold wireless spectrum licenses for $98.8 million; a pre-tax gain of $75.2 million was reported in the third quarter of 2014 in connection with these sales. The licenses had been purchased in the 2006 AWS Auction.

On June 30, 2014, the Company completed a transaction with Berkshire Hathaway, as described in Note 7, that included the exchange of 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by the Company; a $266.7 million gain was recorded.

On March 27, 2014, the Company completed the sale of its headquarters building for $158 million. In connection with the sale, the Company recorded a $127.7 million pre-tax gain.