OTHER ASSETS

12 Months Ended

Dec. 31, 2018

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

OTHER ASSETS:

Other assets as of December 31, 2018 and 2017 consisted of the following (in thousands):

	2018		2017
Equity method investments	$	72,371	$	123,923
Other equity investments	44,625		45,222
Post-retirement plan assets	28,081		22,659
Other	39,754		49,841
Total other assets	$	184,831	$	241,645

 

Equity Method Investments

We have a portfolio of investments in entities that are primarily focused on the development of real estate, sustainability initiatives, and other non-media businesses. For the years ended December 31, 2018, 2017, and 2016 none of our investments were individually significant.

Summarized Financial Information. As described under Principles of Consolidation within Note 1. Nature of Operations and Summary of Significant Accounting Policies, we record our proportionate share of net income generated by equity method investees in (loss) income from equity method investments within our consolidated statements of operations. The summarized results of operations and financial position of the investments accounted for under the equity method are as follows (in thousands):

	For the Years Ended December 31,
	2018			2017			2016
Revenues, net	$	145,253		$	115,054		$	82,524
Operating (loss) income	$	(58,359	)	$	(17,470	)	$	7,804
Net loss	$	(81,596	)	$	(41,926	)	$	(2,285	)

	As of December 31,
	2018		2017
Current assets	$	27,961	$	31,602
Noncurrent assets	$	710,831	$	777,619
Current liabilities	$	52,527	$	27,864
Noncurrent liabilities	$	543,604	$	550,260

Other Equity Investments

As discussed in Note 1. Nature of Operations and Summary of Significant Accounting Policies, we adopted ASU 2016-01 during the first quarter of 2018. This standard requires the measurement of our investments, excluding equity method investments, at fair value or, in situations where fair value is not readily determinable, we have the option to value investments at cost plus observable changes in value less impairment. We had $24.5 million of investments accounted for utilizing the measurement alternative as of December 31, 2018. For the year ended December 31, 2018, we recorded a $10.0 million impairment related to one investment accounted for utilizing the measurement alternative, which is reflected in other income, net in our consolidated statements of operations.

As of December 31, 2018 and 2017, our unfunded commitments related to certain equity investments totaled $28.9 million and $10.7 million, respectively.

Post-retirement Plan Assets

Post-retirement plan assets primarily consist of the cash surrender value of life insurance policies and mutual funds. See Post-retirement Benefits within Note 1. Nature of Operations and Summary of Significant Accounting Policies for further discussion of the Company's post-retirement plans.