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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Marketable Securities
At December 31, 2023, the fair value of marketable securities are as follows:
December 31, 2023
(In thousands)
Available for sale marketable debt securities$148,998 
Total marketable securities$148,998 
Schedule of Current Available-for-sale Marketable Securities
At December 31, 2023, current available-for-sale marketable debt securities are as follows:
December 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Fair Value
(In thousands)
Treasury bills$148,971 $27 $148,998 
Total available-for-sale marketable debt securities$148,971 $27 $148,998 
Schedule of Investment in MGM Resorts International
Investment in MGM Resorts International
 December 31,
 20242023
 (In thousands)
Investment in MGM$2,242,672 $2,891,850 
Schedule of Long-term Investments
Long-term investments consist of:
 December 31,
 20242023
 (In thousands)
Equity securities without readily determinable fair values$438,534 $404,848 
Other— 6,368 
Total long-term investments$438,534 $411,216 
Schedule of Realized and Unrealized Gains and Losses
The following tables present a summary of unrealized pre-tax gains and losses recorded in “Other income (expense), net” in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at December 31, 2024 and 2023.
Year Ended December 31,
20242023
(In thousands)
Upward adjustments (gross unrealized pre-tax gains)$1,901 $2,227 
Downward adjustments including impairments (gross unrealized pre-tax losses)(34,218)(22,463)
Total$(32,317)$(20,236)
Realized and unrealized pre-tax gains and losses for the Company’s investments without readily determinable fair values for the years ended December 31, 2024, 2023 and 2022 are as follows:
Year Ended December 31,
202420232022
(In thousands)
Realized pre-tax gains, net, for equity securities sold$8,943 $89 $12,434 
Unrealized pre-tax losses, net, on equity securities held(32,317)(20,236)(89,137)
Total pre-tax losses, net recognized$(23,374)$(20,147)$(76,703)
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:
 December 31, 2024
Level 1Level 2Level 3Total
Fair Value
Measurements
(In thousands)
Assets:    
Cash equivalents:    
Money market funds$1,130,095 $— $— $1,130,095 
Time deposits— 18,098 — 18,098 
Other current assets:
Retirement investment fund(a)
— 13,763 — 13,763 
Investment in MGM2,242,672 — — 2,242,672 
Other non-current assets:
Interest rate swaps(b)
— 1,715 — 1,715 
Total$3,372,767 $33,576 $— $3,406,343 
_____________________
(a)    See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.
(b)    Interest rate swaps relate to the $350 million notional amount entered into to hedge Dotdash Meredith’s Term Loan B-1. See “Note 2—Summary of Significant Accounting Policies” and “Note 6—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, 2023
 Level 1Level 2Level 3Total
Fair Value
Measurements
 (In thousands)
Assets:
Cash equivalents:
Money market funds$694,958 $— $— $694,958 
Treasury bills— 12,449 — 12,449 
Time deposits— 19,497 — 19,497 
Marketable securities:
Treasury bills— 148,998 — 148,998 
Investment in MGM2,891,851 — — 2,891,851 
Other non-current assets:
Warrant— — 49,631 49,631 
Total$3,586,809 $180,944 $49,631 $3,817,384 
Liabilities:
Other long-term liabilities:
Interest rate swaps(b)
$— $(907)$— $(907)
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 warrant, which was measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
 Year Ended December 31,
 20242023
 (In thousands)
Balance at January 1$49,631 $46,799 
Total net gains:
Fair value adjustments included in earnings20,393 2,832 
Settlements(70,024)— 
Balance at December 31$— $49,631