Investments

The company’s investments include several that are accounted for under the equity method. Principal among these are the following:



	% Owned
Wanderful Media, LLC	11.36%
Ponderay Newsprint Company	13.50%
Pearl, LLC	16.20%
Garnet Media	18.10%
California Newspapers Partnership	19.49%
4Info	23.49%
Classified Ventures	23.60%
Livestream	26.60%
HotelMe, LLC	32.14%
Homefinder.com	33.33%
Topix	33.71%
Texas-New Mexico Newspapers Partnership	40.64%
Tucson Newspaper Partnership	50.00%

The aggregate carrying value of equity investments at Dec. 30, 2012, was $123 million. Certain differences exist between the company’s investment carrying value and the underlying equity of the investee companies principally due to fair value measurement at the date of investment acquisition and due to impairment charges recorded by the company for certain of the investments. The aggregate amount of pretax earnings recorded by the company for its investments accounted for under the equity method was $22 million, $8 million, and $19 million for 2012, 2011, and 2010, respectively. Distributions received from the investees were $36 million, $53 million and $45 million in 2012, 2011, and 2010, respectively.

The company’s net equity income in unconsolidated investees for 2012, 2011 and 2010 included $7 million, $16 million and $3 million, respectively, of impairment charges related to certain digital business investments.

The company also recorded revenue related to CareerBuilder and Classified Ventures products for online advertisements placed on its publishing affiliated digital platforms. Such amounts totaled approximately $161 million for 2012, $154 million for 2011 and $142 million for 2010. These revenues are recorded within Publishing Segment advertising revenue.