XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INVESTMENTS | 12 Months Ended
--- | ---
Dec. 31, 2024
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, 2022 | $ | 39,113 |  |  | $ | 13,419 |  |  | $ | 72,237 |  |  | $ | 452 |  |  | $ | 125,221 |
Purchases of investments | 39,775 |  |  | 796 |  |  | 1,937 |  |  | 341 |  |  | 42,849 |
Equity in loss of nonconsolidated affiliates | — |  |  | (3,530) |  |  | — |  |  | — |  |  | (3,530) |
Disposals | — |  |  | — |  |  | — |  |  | (3,864) |  |  | (3,864) |
Loss on investments | (15,591) |  |  | — |  |  | (7,167) |  |  | (5,372) |  |  | (28,130) |
Conversions and other | (15,474) |  |  | — |  |  | 7,146 |  |  | 10,000 |  |  | 1,672 |
Balance at December 31, 2023 | $ | 47,823 |  |  | $ | 10,685 |  |  | $ | 74,153 |  |  | $ | 1,557 |  |  | $ | 134,218 |
Purchases of investments | 49,635 |  |  | 5,933 |  |  | 7,850 |  |  | — |  |  | 63,418 |
Equity in loss of nonconsolidated affiliates | — |  |  | (2,646) |  |  | — |  |  | — |  |  | (2,646) |
Disposals | — |  |  | — |  |  | (101,357) |  |  | (399) |  |  | (101,756) |
Gain (loss) on investments, net | (14,442) |  |  | — |  |  | 91,123 |  |  | (1,158) |  |  | 75,523 |
Conversions and other | (9,752) |  |  | — |  |  | 9,457 |  |  | — |  |  | (295) |
Balance at December 31, 2024 | $ | 73,264 |  |  | $ | 13,972 |  |  | $ | 81,226 |  |  | $ | — |  |  | $ | 168,462 |
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 loss as Equity in loss of nonconsolidated affiliates. Other investments includes various investments in companies for which there is no readily determinable market value. The Company enters into these investments in exchange for advertising services and cash.

X
- 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://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-12 + Details
Name: | us-gaap_InvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration