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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Marketable Securities
At June 30, 2023 and December 31, 2022, the fair value of marketable securities are as follows:
June 30, 2023December 31, 2022
(In thousands)
Marketable equity securities$4,429 $4,317 
Available-for-sale marketable debt securities111,130 235,056 
     Total marketable securities$115,559 $239,373 
Schedule of Current Available-for-sale Marketable Securities
At June 30, 2023 and December 31, 2022, current available-for-sale marketable debt securities are as follows:
June 30, 2023December 31, 2022
Amortized costGross Unrealized GainsGross Unrealized LossesFair ValueAmortized costGross Unrealized GainsGross Unrealized LossesFair Value
(In thousands)
Treasury discount notes$111,109 $23 $(2)$111,130 $234,987 $75 $(6)$235,056 
Total available-for-sale marketable debt securities$111,109 $23 $(2)$111,130 $234,987 $75 $(6)$235,056 
Schedule of Investment in MGM Resorts International
Investment in MGM Resorts International
 June 30, 2023December 31, 2022
 (In thousands)
Investment in MGM Resorts International$2,842,661 $2,170,182 
Schedule of Long-term Investments
Long-term investments consist of:
June 30, 2023December 31, 2022
(In thousands)
Equity securities without readily determinable fair values$426,938 $323,530 
Equity method investment4,839 2,191 
Total long-term investments$431,777 $325,721 
Schedule of Realized and Unrealized Gains and Losses
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Upward adjustments (gross unrealized pre-tax gains)$2,227 $— $2,227 $— 
Downward adjustments including impairments (gross unrealized pre-tax losses)(373)(22,376)(1,195)(22,376)
Total$1,854 $(22,376)$1,032 $(22,376)
Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three and six months ended June 30, 2023 and 2022 are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Realized pre-tax gains (losses), net, for equity securities sold$993 $(6)$1,000 $462 
Unrealized pre-tax gains (losses), net, on equity securities held1,854 (22,376)1,032 (22,376)
Total pre-tax gains (losses), net recognized$2,847 $(22,382)$2,032 $(21,914)
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company's financial instruments that are measured at fair value on a recurring basis:
 June 30, 2023
 Quoted Market
Prices for
Identical Assets in Active
Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
Fair Value
Measurements
 (In thousands)
Assets:
Cash equivalents:
Money market funds$1,000,932 $— $— $1,000,932 
Treasury discount notes— 24,871 — 24,871 
Time deposits— 17,964 — 17,964 
Marketable securities:
Marketable equity securities4,429 — — 4,429 
Treasury discount notes— 111,130 — 111,130 
Investment in MGM 2,842,661 — — 2,842,661 
Other non-current assets:
Warrant— — 39,068 39,068 
Interest rate swaps(a)
— 4,389 — 4,389 
Total$3,848,022 $158,354 $39,068 $4,045,444 
_____________________
(a)    Interest rate swaps relate to the $350 million notional amount of Dotdash Meredith's Term Loan B and are included in "Other non-current assets" in the balance sheet. See "Note 1—The Company and Summary of Significant Accounting Policies" and "Note 4—Long-term Debt" for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs.
 December 31, 2022
 Quoted Market
Prices for
Identical Assets in Active Markets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
Fair Value
Measurements
 (In thousands)
Assets: 
Cash equivalents: 
Money market funds$862,829 $— $— $862,829 
Treasury discount notes— 137,219 — 137,219 
Time deposits— 16,018 — 16,018 
Marketable securities:
Marketable equity securities4,317 — — 4,317 
Treasury discount notes— 235,056 — 235,056 
Investment in MGM2,170,182 — — 2,170,182 
Other non-current assets:
Warrant— — 46,799 46,799 
Total$3,037,328 $388,293 $46,799 $3,472,420 
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
 Three Months Ended June 30,
 20232022
WarrantWarrant
 (In thousands)
Balance at April 1$52,739 $117,279 
Total net (losses) gains:
Fair value adjustments included in earnings(13,671)4,866 
Balance at June 30$39,068 $122,145 
 Six months ended June 30,
 20232022
WarrantWarrantContingent
Consideration
Arrangements
 (In thousands)
Balance at January 1$46,799 $109,294 $(612)
Total net (losses) gains:
Fair value adjustments included in earnings(7,731)12,851 612 
Balance at June 30$39,068 $122,145 $— 
Schedule of Carrying Value and the Fair Value of Financial Instruments Measured at Fair Value Only for Disclosure Purposes
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 June 30, 2023December 31, 2022
 Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
 (In thousands)
Current portion of long-term debt$(30,000)$(27,769)$(30,000)$(26,700)
Long-term debt, net(a)
$(2,006,456)$(1,803,172)$(2,019,759)$(1,708,413)
_____________________
(a)    At June 30, 2023 and December 31, 2022, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $18.5 million and $20.2 million, respectively.