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INVESTMENTS
 12 Months Ended
Dec. 31, 2020
Schedule of Investments [Abstract]  
INVESTMENTS INVESTMENTS
The following table summarizes the Company's investments in nonconsolidated affiliates and other securities:
(In thousands)Available-for-Sale Debt SecuritiesEquity Method InvestmentsOther InvestmentsMarketable Equity SecuritiesTotal Investments
Balance at December 31, 2018 (Predecessor)$25,823 $24,104 $38,813 $— $88,740 
Purchases of investments— 591 103 — 694 
Equity in loss— (66)— — (66)
Loss on investments(1,895)— (8,342)— (10,237)
Other(3)— — — (3)
Balance at May 1, 2019 (Predecessor)$23,925 $24,629 $30,574 $— $79,128 
Impact of fresh start accounting(8,842)(14,986)(1,062)— (24,890)
Balance at May 2, 2019 (Successor)$15,083 $9,643 $29,512 $— $54,238 
Purchases of investments24,103 1,588 2,425 3,440 31,556 
Equity in loss— (279)— — (279)
Loss on investments— — (21,003)(740)(21,743)
Other(6,058)— 6,055 — (3)
Balance at December 31, 2019 (Successor)$33,128 $10,952 $16,989 $2,700 $63,769 
Purchases of investments9,595 1,523 7,629 — 18,747 
Equity in loss— (379)— — (379)
Disposals(194)(1,000)— — (1,194)
Distributions received— (31)— — (31)
Loss on investments, net(7,116)— (959)(1,271)(9,346)
Other(3,957)— 2,965 — (992)
Balance at December 31, 2020 (Successor)$31,456 $11,065 $26,624 $1,429 $70,574 
Equity method investments in the table above are not consolidated, but are accounted for under the equity method of accounting. The Company records its investments in these entities on the balance sheet within “Other assets.” The Company's interests in the operations of equity method investments are recorded in the statement of comprehensive income (loss) as “Equity in earnings (loss) of nonconsolidated affiliates.” Other investments includes various investments in companies for which there is no readily determinable market value.
During 2020, the Successor Company recorded $15.0 million in its Audio segment for investments made in seven companies in exchange for advertising services. One of these investments is being accounted for under the equity method of accounting, two of these investments are being accounted for at amortized cost and four of these investments are notes receivable that are convertible into cash or equity. During the period from May 2, 2019 through December 31, 2019, the Successor Company recorded $30.0 million in its Audio segment for investments made in ten companies in exchange for advertising services and cash. Two of these investments are being accounted for under the equity method of accounting, one of these investments is being accounted for at amortized cost, one of these investments is being accounted for as an available-for-sale security and six of these investments are notes receivable that are convertible into cash or equity.
The Successor Company recognized barter revenue of $10.5 million and $13.0 million in the year ended December 31, 2020 and the period from May 2, 2019 through December 31, 2019, respectively. The Predecessor Company recognized barter revenue of $6.0 million in the period from January 1, 2019 through May 1, 2019 in connection with these investments as services were provided.  The Successor Company recognized non-cash investment impairments totaling $5.7 million and $21.0
million on our investments for the year ended December 31, 2020 and the period from May 2, 2019 through December 31, 2019, respectively, which were recorded in “Loss on investments, net.”  The Predecessor Company recognized non-cash investment impairments totaling $10.2 million on our investments for the period from January 1, 2019 through May 1, 2019, which were recorded in “Loss on investments, net.”