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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 8—LONG-TERM INVESTMENTS
The balance of long-term investments is comprised of:
Equity method investments
The carrying values of the Company's equity method investments, along with the principal market that the investee operates include:
The Company's equity method investment in The Newsweek/Daily Beast Company is a negative balance representing IAC's commitment to
fund.
Summarized aggregated financial information for the Company's equity method investments is as follows:
84
December 31,
2011
2010
(In thousands)
Equity method investments
$
10,873
$
148,607
Cost method investments
82,318
39,014
Auction rate securities
5,870
13,100
Long
-
term marketable equity securities
74,691
—
Total long
-
term investments
$
173,752
$
200,721
December 31,
Percent
Ownership
of Common
Stock
2011
2010
(In thousands)
Meetic (Europe)
$
—
$
130,043
See Note 5
Other
10,873
18,564
Total equity method investments included in long-
term investments
10,873
148,607
The Newsweek/Daily Beast Company
(United States) included in accrued expenses and
other current liabilities
(8,186
)
—
50
%
Total equity method investments
$
2,687
$
148,607
December 31,
2011 2010
(In thousands)
Balance sheet data(a):
Current assets
$
42,527
$
83,948
Non
-
current assets
45,852
388,518
Current liabilities
(47,085
)
(89,505
)
Non
-
current liabilities
(11,044
)
(18,900
)