Investments (Tables)

6 Months Ended

Jun. 30, 2015

Investments [Abstract]

Schedule of Investments

Investments consisted of the following (in thousands):

	June 30, 2015		December 28, 2014
Equity method investments	$	1,642,737	$	1,689,996
Cost method investments	20,918		18,238
Marketable equity securities	5,926		8,958
Total investments	$	1,669,581	$	1,717,192

Equity Method Investments Information

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

	Three Months Ended				Six Months Ended
	June 30, 2015		June 29, 2014		June 30, 2015		June 29, 2014
Revenues, net	$	278,410	$	282,896	$	539,633	$	543,181
Operating income	$	151,728	$	147,825	$	282,026	$	273,320
Net income	$	155,770	$	153,000	$	289,925	$	282,872

Summarized financial information for CareerBuilder is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2015		June 29, 2014		June 30, 2015		June 29, 2014
Revenues, net	$	176,034	$	180,208	$	351,188	$	348,149
Operating income	$	33,614	$	34,186	$	63,940	$	55,814
Net income	$	33,063	$	34,084	$	61,414	$	55,256

Income from equity investments, net reported in the Company’s consolidated statements of operations consisted of the following (in thousands):

	Three Months Ended						Six Months Ended
	June 30, 2015			June 29, 2014			June 30, 2015			June 29, 2014
Income from equity investments, net, before amortization of basis difference	$	59,475		$	218,159		$	109,971		$	271,616
Amortization of basis difference (1)	(13,562		)	(99,206		)	(27,124		)	(114,400		)
Income from equity investments, net	$	45,913		$	118,953		$	82,847		$	157,216

(1) Amortization of basis difference for the three and six months ended June 29, 2014 includes $85 million related to the sale by CV of its Apartments.com business.

Cash distributions from the Company’s equity method investments were as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2015		June 29, 2014		June 30, 2015		June 29, 2014
Cash distributions from equity investments (1)	$	34,242	$	195,062	$	129,148	$	315,332