Investments (Tables)

12 Months Ended

Dec. 31, 2015

Schedule Of Investments [Abstract]

Summary of investment

Investments consisted of the following:

	As of December 31,
(in thousands)	2015		2014
Equity method investments	$	741,823	$	431,612
Cost method investments		65,807		31,732
Total investments	$	807,630	$	463,344

Equity method investments

The Company’s acquisition of N-Vision resulted in the addition of certain equity method investments that are held by TVN or a subsidiary of TVN. On a consolidated basis, investments accounted for using the equity method include the following:

	As of December 31,
(in thousands)	2015		2014
UKTV		50.00%		50.00%
HGTV Magazine JV		50.00%		50.00%
Food Network Magazine JV		50.00%		50.00%
* Everytap		40.00%	-
HGTV Canada		33.00%		33.00%
* nC+		32.00%	-
Food Canada		29.00%		29.00%
* Onet		25.00%	-
Fox-BRV Southern Sports Holdings		7.25%		7.25%

* Acquired as a part of the N-Vision Acquisition

Summary of Estimated Amortization

The table below summarizes estimated amortization that we expect to reduce the Company’s equity in UKTV’s earnings for future periods:

( in thousands )	Estimated Amortization**
2016	$	13,700
2017	$	13,800
2018	$	13,800
2019	$	13,800
2020	$	13,900
Thereafter	$	101,700
** The functional currency of UKTV is the Great British Pound ("GBP"), so these amounts are subject to change as the GBP to U.S. Dollar exchange rates fluctuate.

Aggregated statement of operations

Aggregated statement of operations data for investments accounted for under the equity method of accounting is as follows:

	For the years ended December 31,
(in thousands)		2015		2014		2013
Operating revenues		$	1,973,515	$	1,333,239	$	1,263,231
Operating income		$	753,249	$	708,958	$	666,227
Net income		$	568,358	$	522,435	$	483,143

Aggregated balance sheet information

Aggregated balance sheet information for investments accounted for under the equity method of accounting is as follows:

	As of December 31,
(in thousands)	2015		2014
Current assets	$	847,444	$	586,287
Non-current assets		677,069		105,630
Total Assets	$	1,524,513	$	691,917
Current liabilities	$	475,582	$	224,459
Non-current liabilities		150,411		136,321
Equity		898,519		331,137
Total Liabilities and Equity	$	1,524,513	$	691,917