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INVESTMENTS | 12 Months Ended
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Dec. 31, 2021
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 Securities |  | Equity Method Investments |  | Other Investments |  | Marketable Equity Securities |  | Total Investments
Balance at December 31, 2019 (Successor) | $ | 33,128 |  |  | $ | 10,952 |  |  | $ | 16,989 |  |  | $ | 2,700 |  |  | $ | 63,769 |
Purchases of investments | 9,595 |  |  | 1,523 |  |  | 7,629 |  |  | — |  |  | 18,747 |
Equity in loss | — |  |  | (379) |  |  | — |  |  | — |  |  | (379) |
Disposals | (194) |  |  | (1,000) |  |  |  |  |  |  | (1,194) |
Distributions received | — |  |  | (31) |  |  | — |  |  | — |  |  | (31) |
Loss on investments | (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 |
Purchases of investments | 7,263 |  |  | 690 |  |  | 15,368 |  |  | — |  |  | 23,321 |
Equity in loss | — |  |  | (1,138) |  |  | — |  |  | — |  |  | (1,138) |
Disposals | (426) |  |  | — |  |  | (1,172) |  |  | — |  |  | (1,598) |
Gain (loss) on investments, net | (62) |  |  | — |  |  | (8,680) |  |  | 2,801 |  |  | (5,941) |
Other | (4,363) |  |  | — |  |  | 5,070 |  |  | — |  |  | 707 |
Balance at December 31, 2021 (Successor) | $ | 33,868 |  |  | $ | 10,617 |  |  | $ | 37,210 |  |  | $ | 4,230 |  |  | $ | 85,925 |
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 loss of nonconsolidated affiliates.” Other investments includes various investments in companies for which there is no readily determinable market value. During 2021, the Successor Company recorded $17.5 million for investments made in seven companies in exchange for advertising services and cash. One of these investments is being accounted for under the equity method of accounting, three of these investments are being accounted for at amortized cost and three of these investments are notes receivable that are convertible into cash or equity. During 2020, the Successor Company recorded $15.0 million for investments made in seven companies in exchange for advertising services and cash. 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. The Successor Company recognized barter revenue of $16.3 million and $10.5 million in the year ended December 31, 2021 and the year ended December 31, 2020, respectively. The Successor Company recognized non-cash investment impairments totaling $8.7 million and $5.7 million on our investments for the year ended December 31, 2021 and the year ended December 31, 2020, respectively, which were recorded in “Gain (loss) on investments, net.”

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- Definition The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=122147990&loc=d3e611322-123010 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B) -URI http://asc.fasb.org/extlink&oid=122147990&loc=d3e611197-123010 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5D -Subparagraph (SX 210.12-13D) -URI http://asc.fasb.org/extlink&oid=122147990&loc=SL120429264-123010 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12) -URI http://asc.fasb.org/extlink&oid=122147990&loc=d3e611133-123010 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI http://asc.fasb.org/extlink&oid=122147990&loc=d3e611282-123010 + Details
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