Investments (Tables)

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Schedule of Investment

Investments consisted of the following (in thousands):

	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

Summary of Income (Loss) on Equity Investments, Net

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

Summary of Financial Information

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