	September 30, 2020		December 31, 2019
Equity method investments	$	1,308,794	$	1,471,866
Other equity investments		5,064		5,487
Total investments	$	1,313,858	$	1,477,353

The Company’s equity method investments primarily included Nexstar’s investment in TV Food Network, in which Nexstar has an ownership stake of 31.3%. Nexstar acquired its investment in TV Food Network through the Merger (See Note 3). Nexstar’s partner in TV Food Network is Discovery, Inc. (“Discovery”), which owns a 68.7% interest in TV Food Network and operates the network on behalf of the partnership. As of September 30, 2020, Nexstar’s investment in TV Food Network had a book value of $1.289 billion. The Company received cash distributions from TV Food Network totaling $9.9 million and $207.0 million during the three and nine months ended September 30, 2020, respectively.

TV Food Network owns and operates “The Food Network,” a 24-hour lifestyle cable television channel focusing on food and related topics. TV Food Network also owns and operates “The Cooking Channel,” a cable television channel primarily devoted to cooking instruction, food information and other related topics. TV Food Network’s programming is distributed by cable and satellite television systems.

The partnership agreement governing TV Food Network provides that the partnership shall, unless certain actions are taken by the partners, dissolve and commence winding up and liquidating TV Food Network upon the first to occur of certain enumerated liquidating events, one of which is a specified date of December 31, 2020. Nexstar intends to renew its partnership agreement with Discovery on TV Food Network. In the event of a liquidation, Nexstar would be entitled to its proportionate share of distributions to partners which the partnership agreement provides would occur as promptly as is consistent with obtaining fair market value for the assets of TV Food Network. The partnership agreement also provides that the partnership may be continued or reconstituted in certain circumstances.

At acquisition date, the Company measured its estimated share of the differences between the estimated fair values and carrying values (the “basis difference”) of the investees’ tangible assets and amortizable intangible assets had the fair value of the investments been allocated to the identifiable assets of the investees in accordance with ASC Topic 805 “Business Combinations.” Additionally, the Company measured its estimated share of the basis difference attributable to investees’ goodwill. As a result of its acquired investment in TV Food Network on September 19, 2019 through the Merger, Nexstar estimated a total of $853.2 million for its share of the basis difference attributable to investees’ amortizable intangible assets. Nexstar also estimated a basis difference of $500.4 million attributable to investees’ goodwill.

The Company amortizes its share of the basis differences attributable to tangible assets and intangible long-lived assets of investees, including TV Food Network, and records the amortization (the “amortization of basis difference”) as a reduction of income on equity investments, net in the unaudited Condensed Consolidated Statements of Operations. As of September 30, 2020, the Company’s remaining share of basis difference related to equity method investments, including TV Food Network, totaled $702.8 million and has a weighted average remaining useful life of approximately 6.0 years.

Income (loss) 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,						September 30,
	2020			2019			2020			2019
Income on equity investments, net, before amortization of basis difference	$	52,801		$	7,242		$	152,170		$	6,302
Amortization of basis difference		(36,940	)		(4,025	)		(110,819	)		(4,241	)
Income on equity investments, net	$	15,861		$	3,217		$	41,351		$	2,061

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

	Three Months Ended		Nine Months Ended		September 19, 2019 to
	September 30, 2020		September 30, 2020		September 30, 2019
Net revenue	$	306,390	$	933,929	$	46,437
Costs and expenses		137,156		448,760		16,852
Income from operations		169,233		485,169		29,585
Net income		170,543		491,957		24,991
Net income attributable to Nexstar Media Group, Inc.		53,370		153,953		7,822

In each of the first three quarters of 2020, the Company evaluated its equity method investments for other-than-temporary impairment (“OTTI”) due to the events and circumstances surrounding the COVID-19 pandemic. Based on the results of the review, the Company determined that an OTTI had not occurred as of September 30, 2020. The Company may experience future declines in the fair value of its equity method investments, and it may determine an impairment loss will be required to be recognized in a future reporting period. Such determination will be based on the prevailing facts and circumstances, including those related to the reported results and financial statement disclosures of the investees as well as the general market conditions. The Company will continue to evaluate its equity method investments in future periods to determine if an OTTI has occurred.

Other equity investments are investments without readily determinable fair values. All of the Company’s other equity investments are ownership interests in private companies. These assets were recorded at cost, subject to periodic evaluation of the carrying values.