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FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:

			December 31, 2024						December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
Cash and cash equivalents			$	1,381,736					$	933,401					$	1,096,235					$	1,690,594
Restricted cash included in other current assets			8,974						8,539						1,058						1,785
Restricted cash included in other non-current assets			—						—						6,640						—
Cash, cash equivalents, and restricted cash included in current assets of discontinued operations			416,434						364,044						321,262						428,292
Restricted cash included in other non-current assets of discontinued operations			111						257						874						1,193
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows			$	1,807,255					$	1,306,241					$	1,426,069					$	2,121,864

Schedule of Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:

			December 31, 2024						December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
Cash and cash equivalents			$	1,381,736					$	933,401					$	1,096,235					$	1,690,594
Restricted cash included in other current assets			8,974						8,539						1,058						1,785
Restricted cash included in other non-current assets			—						—						6,640						—
Cash, cash equivalents, and restricted cash included in current assets of discontinued operations			416,434						364,044						321,262						428,292
Restricted cash included in other non-current assets of discontinued operations			111						257						874						1,193
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows			$	1,807,255					$	1,306,241					$	1,426,069					$	2,121,864

Schedule of Changes in the Allowance for Credit Losses

The following table presents the changes in the allowance for credit losses:

			Year Ended December 31,
			2024						2023
			(In thousands)
Balance at January 1			$	7,695					$	7,811
Current period provision for credit losses			4,688						5,699
Write-offs charged against the allowance			(5,178)						(5,944)
Recoveries collected			46						125
Other			158						4
Balance at December 31			$	7,409					$	7,695

Schedule of Other Current Assets

			December 31,
			2024						2023
			(In thousands)
Prepaid expenses			$	38,725					$	69,634
Other			86,483						116,894
Other current assets			$	125,208					$	186,528

Schedule of Property and Equipment, Net

Asset Category			Estimated Useful Lives
Buildings			5 to 39 Years
Equipment (including furniture)			3 to 12 Years
Leasehold improvements			2 to 11 Years
Capitalized software			2 to 3 Years

			December 31,
			2024						2023
			(In thousands)
Buildings			$	165,700					$	160,567
Equipment (including furniture)			126,656						141,669
Leasehold improvements			78,130						81,133
Capitalized software			28,919						33,321
Land			86,045						86,032
Projects in progress			5,839						1,931
Total gross carrying amount			491,289						504,653
Accumulated depreciation and amortization			(178,092)						(158,899)
Buildings, land, equipment, leasehold improvements and capitalized software, net			$	313,197					$	345,754

Schedule of Accrued Expenses and Other Current Liabilities

			December 31,
			2024						2023
			(In thousands)
Accrued employee compensation and benefits			$	152,977					$	131,863
Customer deposit liability			118,464						118,522
Accrued advertising expense			31,066						30,407
Other			206,792						213,134
Accrued expenses and other current liabilities			$	509,299					$	493,926

Schedule of Other (Expense) Income, Net

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Interest income			$	66,913					$	53,956					$	20,379
Unrealized increase (decrease) in the estimated fair value of a warrant			20,393						2,832						(62,495)
Net realized gain (loss) on sales of businesses and investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values(a)(b)(c)			10,373						(17,988)						59,299
Net periodic pension benefit credit (costs), other than the service cost component(d)			5,656						139						(206,422)
Unrealized gain (loss) related to marketable equity securities			121						(145)						(20,342)
Dotdash Meredith Credit Agreement amendment fees(e)			(3,453)						—						—
Foreign exchange (losses) gains, net			(1,908)						290						(5,139)
Other			441						7,555						(4,243)
Other income (expense), net			$	98,536					$	46,639					$	(218,963)

_____________________

(a) Includes downward and upward adjustments to the carrying value of equity securities without readily determinable fair values. For the years ended December 31, 2024, 2023 and 2022, the Company recorded net downward adjustments of $32.3 million, $20.2 million and $89.1 million, respectively.

(b)    Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group, which was included within Emerging & Other, and was accounted for as a sale of a business, in the year ended December 31, 2024.

(c)    Includes a gain of approximately $132.2 million on the sale of Bluecrew in the year ended December 31, 2022. On November 9, 2022, the Company completed the sale of Bluecrew, which was included within Emerging & Other, to EmployBridge, a provider of light industrial staffing solutions, for cash and stock with the Company becoming a minority shareholder in the combined company.

(d)    Includes pre-tax actuarial gains (losses) of $6.0 million, $1.7 million and $(213.4) million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the pension plans in the U.S. and U.K. See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.

(e)    Relates to third-party fees in connection with the Amended Dotdash Meredith Credit Agreement entered into on November 26, 2024. See “Note 6—Long-term debt” for additional information.

Schedule of Supplemental Disclosure of Cash Flow Information

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Cash (paid) received during the year for:
Interest, net(f)			$	(131,235)					$	(136,797)					$	(78,775)
Income tax payments			$	(14,876)					$	(13,825)					$	(14,856)
Income tax refunds			$	2,826					$	1,386					$	2,609

(f)     Includes receipts of $5.0 million and $3.2 million related to the interest rate swaps for the years ended December 31, 2024 and 2023, respectively. See “Note 2—Summary of Significant Accounting Policies” and “Note 6—Long-term Debt” for additional information.

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