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PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations and Change in Plan Assets
The following tables present changes in, and components of, Dotdash Meredith’s net assets/liabilities for pension and other post-retirement benefits:
Year Ended December 31, 2024
Year Ended December 31, 2023
 PensionPost-RetirementPensionPost-Retirement
DomesticInternationalDomesticDomesticInternationalDomestic
 (In thousands)
Change in benefit obligation
Benefit obligation, beginning of year$56,722 $488,269 $4,248 $72,988 $467,829 $4,473 
Service cost202 — 211 — 
Interest cost1,816 19,288 206 3,140 19,610 231 
Net actuarial gain(7,357)(62,955)(370)(49)(6,420)(496)
Benefits paid (including lump sums)(496)(18,822)(43)(19,568)(17,796)36 
Settlements(46,856)— — — — — 
Curtailment gain(399)— — — — — 
Foreign currency exchange rate impact— (5,154)— — 25,046 — 
Benefit obligation, end of year$3,632 $420,626 $4,042 $56,722 $488,269 $4,248 
Change in plan assets
Fair value of plan assets, beginning of year$62,008 $488,701 $— $78,199 $467,891 $— 
Actual return on plan assets823 (45,117)— 2,765 13,728 — 
Employer contributions489 172 — 612 163 — 
Benefits paid (including lump sums)(496)(18,822)— (19,568)(17,796)— 
Settlements (46,856)— — — — — 
Transfer to QRP(15,968)— — — — — 
Foreign currency exchange rate impact— (4,971)— — 24,715 — 
Fair value of plan assets, end of year$— $419,963 $— $62,008 $488,701 $— 
(Under) over funded status, end of year$(3,632)$(663)$(4,042)$5,286 $432 $(4,248)
Schedule of Amounts Recognized in Balance Sheet
The following amounts are recognized in the December 31, 2024 and 2023 balance sheet, respectively:
December 31,
20242023
 PensionPost-RetirementPensionPost-Retirement
DomesticInternationalDomesticDomesticInternationalDomestic
 (In thousands)
Other current assets
Prepaid benefit cost$— $3,275 $— $— $4,850 $— 
Other non-current assets
Prepaid benefit cost— — — 10,225 — — 
Accrued expenses and other current liabilities
Accrued benefit liability(1,619)(186)(432)(1,430)(4,418)(433)
Other long-term liabilities
Accrued benefit liability(2,013)(3,752)(3,610)(3,509)— (3,815)
Net amount recognized$(3,632)$(663)$(4,042)$5,286 $432 $(4,248)
Schedule of Plan with Projected Benefit Obligation and Accumulated Benefit Obligations in Excess of Plan Assets
The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:
December 31,
20242023
DomesticInternationalDomesticInternational
 (In thousands)
Projected benefit obligation$3,632 $3,938 $4,939 $4,419 
Accumulated benefit obligation$3,632 $3,938 $4,290 $4,419 
Fair value of plan assets$— $— $— $— 
Schedule of Net Benefit Costs
The components of net periodic benefit (credit) cost recognized in the statement of operations were as follows:
Year Ended December 31, 2024
Year Ended December 31, 2023Year Ended December 31, 2022
 PensionPost-RetirementPensionPost-RetirementPensionPost-Retirement
DomesticInternationalDomesticDomesticInternationalDomesticDomesticInternationalDomestic
(In thousands)
Service cost$202 $— $$211 $— $$3,562 $— $
Interest cost1,816 19,288 206 3,140 19,610 231 4,372 15,014 262 
Expected return on plan assets(1,293)(19,289)— (1,881)(19,586)— (2,748)(16,857)— 
Actuarial (gain) loss recognition(6,887)1,272 (370)(932)(225)(496)8,154 208,957 (3,717)
Settlement— — — — — — (918)— (3,037)
Curtailment gain(399)— — — — — (3,060)— — 
Net periodic benefit (credit) cost$(6,561)$1,271 $(163)$538 $(201)$(261)$9,362 $207,114 $(6,485)
Schedule of Assumptions
Benefit obligations were determined using the following weighted average assumptions:

Year Ended December 31, 2024
Year Ended December 31, 2023
 PensionPost-RetirementPensionPost-Retirement
DomesticInternationalDomesticDomesticInternationalDomestic
Discount rate
5.27 %4.99 %5.55 %5.19 %4.06 %5.11 %
Rate of compensation increase2.96 %N/A3.50 %2.90 %N/A3.50 %
Cash balance interest credit rate2.39 %N/AN/A2.39 %N/AN/A
Net periodic benefit (credit) cost were determined using the following weighted average assumptions:

Year Ended December 31, 2024
Year Ended December 31, 2023Year Ended December 31, 2022
 PensionPost-RetirementPensionPost-RetirementPensionPost-Retirement
DomesticInternationalDomesticDomesticInternationalDomesticDomesticInternationalDomestic
Discount rate
5.36 %4.06 %5.11 %5.48 %4.13 %5.46 %3.28 %1.67 %2.61 %
Expected return on plan assets5.22 %4.06 %N/A4.48 %4.12 %N/A2.80 %1.90 %N/A
Rate of compensation increase2.90 %N/A3.50 %2.99 %N/A3.50 %2.95 %N/A3.50 %
Cash balance interest credit rate2.39 %N/AN/A2.39 %N/AN/A3.65 %N/AN/A

The assumed healthcare trend rates used to measure the expected cost of benefits for the post-retirement plan were as follows:

December 31,
202420232022
Initial level
6.50 %6.00 %6.25 %
Ultimate level5.00 %5.00 %5.00 %
Years to ultimate level645
Schedule of Fair Value Measurements
Fair value measurements for the international pension plan assets were as follows:
 December 31, 2024
 Level 1Level 2Level 3Total
Fair Value
Measurements
 (In thousands)
Cash and cash equivalents
$6,384 $— $— $6,384 
Fixed income— — 332 332 
Insurance annuity contracts— — 413,247 413,247 
Total assets at fair value$6,384 $— $413,579 $419,963 
 December 31, 2023
 Level 1Level 2Level 3Total
Fair Value
Measurements
 (In thousands)
Cash and cash equivalents$8,199 $— $— $8,199 
Fixed income— — 399 399 
Insurance annuity contracts— — 480,103 480,103 
Total assets at fair value$8,199 $— $480,502 $488,701 
Schedule of Changes in Fair Value of Plan Assets
The following table provides a reconciliation of the beginning and ending balances of assets 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$480,502 $460,278 
Settlements(18,899)(17,378)
Change in fair value(44,238)12,915 
Foreign currency translation(3,786)24,253 
Other— 434 
Balance at December 31$413,579 $480,502 
Schedule of Expected Benefit Payments
The following benefit payments, which will primarily be made from funded plans internationally, are expected to be paid:
 Pension BenefitsPost-Retirement Benefits
DomesticInternationalDomestic
Year Ending December 31,(In thousands)
2025$1,662 $16,067 $444 
2026303 16,886 415 
2027269 17,798 395 
2028439 18,669 378 
2029238 19,568 365 
2030-2034922 112,082 1,544 
Net amount recognized, end of year$3,833 $201,070 $3,541