Investments (Tables)

12 Months Ended

Dec. 31, 2016

Investment Holdings, Schedule of Investments

Investments consisted of the following (in thousands):



	December 31, 2016		December 31, 2015
Equity method investments	$	1,642,117	$	1,668,316
Cost method investments	26,748		20,868
Marketable equity securities	6,018		3,516
Total investments	$	1,674,883	$	1,692,700

Equity Method Investment Ownership Percentages

The Company’s equity method investments at December 31, 2016 included the following private companies:



Company	% Owned
CareerBuilder, LLC	32%
Dose Media, LLC	25%
Television Food Network, G.P.	31%
TKG Internet Holdings II LLC	43%

Equity Method Investments

Income from equity investments, net reported in the Company’s Consolidated Statements of Operations consisted of the following (in thousands):



	2016			2015			2014
Income from equity investments, net, before amortization of basis difference	$	202,758		$	201,207		$	379,048
Amortization of basis difference (1)	(54,602		)	(54,248		)	(142,335		)
Income from equity investments, net	$	148,156		$	146,959		$	236,713


(1)	Amortization of basis difference for the year ended December 28, 2014 includes $85 million related to the sale by CV of its Apartments.com business.

Distributions from Equity Investments

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



	2016		2015		2014
Total cash distributions from equity investments (1)	$	170,527	$	180,207	$	370,310


(1)	Cash distributions for the year ended December 28, 2014 included $160 million for the Company’s share of the proceeds from the sale by CV of its Apartments.com business. This distribution is presented as an investing activity in the Company’s Consolidated Statement of Cash Flows for the year ended December 28, 2014.

Television Food Network, G.P.

Investment [Line Items]

Summary of Financial Information of Equity Investments

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



	Fiscal Year
	2016		2015		2014
Revenues, net	$	1,160,716	$	1,099,307	$	1,070,671
Operating income	$	535,131	$	548,919	$	534,477
Net income	$	552,146	$	561,657	$	549,058



	December 31, 2016		December 31, 2015
Current assets	$	810,811	$	750,425
Non-current assets	$	168,547	$	173,185
Current liabilities	$	94,284	$	87,341
Non-current liabilities	$	138	$	213

CareerBuilder, LLC, Dose Media, LLC, and Classified Ventures, LLC

Investment [Line Items]

Summary of Financial Information of Equity Investments

Summarized financial information for CareerBuilder, Dose Media and CV is as follows (in thousands):



	Fiscal Year
	2016		2015		2014
Revenues, net (1)(2)	$	719,994	$	698,041	$	1,063,321
Operating income from continuing operations (1)(2)	$	93,619	$	84,199	$	147,165
Net income (2)(3)	$	89,249	$	80,280	$	713,108


(1)	Revenues and operating income that relate to CV include results through October 1, 2014 and are presented exclusive of discontinued operations related to Apartments.com, which was sold by CV on April 1, 2014. See above for further information.

(2) On November 25, 2015, the Company acquired a 25% interest in Dose Media. As results of operations from date of acquisition are not material to the Company in 2015, they are not included in the above table for 2015.

(3) Net income that relates to CV include results through October 1, 2014. See above for further information.



	December 31, 2016 (1)		December 31, 2015 (1)
Current assets	$	222,563	$	266,390
Non-current assets	$	565,200	$	459,718
Current liabilities	$	205,643	$	190,977
Non-current liabilities	$	23,603	$	24,745
Redeemable non-controlling interest	$	46,265	$	24,666


(1)	Balance sheet information presented does not include CV, which was sold by the Company on October 1, 2014, as described above.