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Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Components of accumulated other comprehensive income (loss)
The following table summarizes the components of accumulated other comprehensive income (loss) (“accumulated OCI”):
 
June 30, 2014
December 31, 2013
 
(in thousands)
Unrealized (gains) losses on foreign currency translation
$
(55
)
$
189

Unrealized losses on interest rate contracts (1)
111,992

125,059

 
111,937

125,248

Income tax benefit
(43,363
)
(48,517
)
Noncontrolling interest
(128
)
(149
)
Accumulated Other Comprehensive Loss
$
68,446

$
76,582

(1)
Included in the amounts as of June 30, 2014 and December 31, 2013 are $88,143 and $97,360, respectively, of unrealized loss on an interest rate swap associated with New York Times office building on its nonrecourse mortgage debt with a notional amount of $640,000. This swap effectively fixes the mortgage at an all-in lender interest rate of 6.40% and expires in September 2017.
Schedule of changes in accumulated other comprehensive income (loss)
The following table summarizes the changes, net of tax and noncontrolling interest, of accumulated OCI by component:
 
Securities
Foreign Currency Translation
Interest Rate Contracts
Total
 
(in thousands)
Six Months Ended June 30, 2014
 
 
 
 
Balance, January 1, 2014
$
—

$
(116
)
$
(76,466
)
$
(76,582
)
OCI before reclassifications
—

150

4,895

5,045

Loss reclassified from accumulated OCI
—

—

3,091

3,091

Total other comprehensive income
—

150

7,986

8,136

Balance, June 30, 2014
$
—

$
34

$
(68,480
)
$
(68,446
)
Six Months Ended June 30, 2013
 
 
 
 
Balance, January 1, 2013
$
(226
)
$
—

$
(107,588
)
$
(107,814
)
OCI before reclassifications
210

(116
)
19,395

19,489

Loss reclassified from accumulated OCI
—

—

1,217

1,217

Total other comprehensive income
210

(116
)
20,612

20,706

Balance, June 30, 2013
$
(16
)
$
(116
)
$
(86,976
)
$
(87,108
)
Losses reclassified out of accumulated other comprehensive income (loss)
The following table summarizes losses reclassified from accumulated OCI and their location on the Consolidated Statements of Operations:
Accumulated OCI Components
Loss Reclassified from Accumulated OCI
 
Location on Consolidated Statements of Operations
 
(in thousands)
 
 
Six Months Ended June 30, 2014
 
 
 
Interest rate contracts
$
1,361

 
Interest expense
Interest rate contracts
3,666

 
Discontinued operations
Interest rate contracts
30

 
Equity in earnings
 
5,057

 
Total before income tax and noncontrolling interest
 
(1,958
)
 
Income tax benefit
 
(8
)
 
Noncontrolling interest
 
$
3,091

 
Loss reclassified from accumulated OCI
Six Months Ended June 30, 2013
 
 
 
Interest rate contracts
$
1,923

 
Interest expense
Interest rate contracts
73

 
Equity in earnings
 
1,996

 
Total before income tax and noncontrolling interest
 
(771
)
 
Income tax benefit
 
(8
)
 
Noncontrolling interest
 
$
1,217

 
Loss reclassified from accumulated OCI