Time to Change the Channel

This list of stocks to sell contains some of the world’s largest media conglomerates. In the past decade, a wave of mergers has created a landscape dominated by just a handful of key players. These behemoths rule over TV, radio, newspapers and just about every other form of media, and we are loyal subjects of their popular culture.

However, when it comes to their stocks, investors would be wise to stage a revolt. Each media stock on our list is well off its 52-week high, and continuing to fall without a turnaround in sight.

Here are four media stocks to sell:

Media Stock to Sell #1 – Walt Disney Co. (DIS)

Walt Disney Co. (NYSE: DIS) is split into five different business segments: media networks, parks and recreation, studio entertainment, consumer products and interactive media. In addition to its global presence and celebrity, DIS stock boasts a market cap of over $72 billion.

However, just because your children own every Disney movie (not to mention the accompanying merchandise) doesn’t mean you should own its stock. DIS stock is basically flat for 2011, and is down more than 15% from its 52-week high, which was reached in early March. Looking at its last income statement, DIS posted quarterly earnings growth of -1%, year-over-year. Sell now before this stock continues to drop.

Media Stock to Sell #2 – News Corp. (NWSA)

Diversified global media company News Corp. (NASDAQ: NWSA) operates in eight media segments including filmed entertainment, television, cable network programming, direct broadcast satellite television, integrated marketing services, newspapers and information services and book publishing. News Corp. owns the Fox networks and The Wall Street Journal.

NWSA stock has dropped 11% since reaching its 52-week high at the end of May. Earnings wise, analysts are projecting no growth in EPS this quarter. In its latest income statement, the company reported quarterly earnings growth of -24% and quarterly revenue growth of -6% year-over-year.

Media Stock to Sell #3 – Time Warner (TWX)

Next on the list of stocks to sell is Time Warner (NYSE: TWX), which is known for its cable television networks, feature film production and magazine publishing. This media conglomerate formed when Warner Communications and Time Inc. merged, and later came a mega merger with AOL. Its brands include TNT, TBS, CNN, HBO, Cinemax, Warner Bros., New Line Cinema, People, Sports Illustrated and Time.

TWX stock has slid 10% from its 52-week high, which was made in February. In its latest income statement, TWX posted quarterly earnings growth of -10%, year-over-year. TWX defenders might point to the company’s dividend, but at just a 2.6% yield, it doesn’t turn many heads.

Media Stock to Sell #4 – Thomson Reuters Corp. (TRI)

Thomson Reuters Corporation (NYSE: TRI) provides information for businesses and professionals across the world. It’s major business include Thomson Reuters Eikon, Reuters 3000 Xtra, Lipper, Elektron Datascope, Datastream, Thomson One, Westlaw, ONESOURCE, Derwent World Patents Index, Thomson Reuters Pharma, Thomson Reuters Web of Knowledge and Web of Science, and Thomson Reuters Integrity.

TRI stock has fallen 15% from its 52-week high, which was made in early February, and is approaching its 52-week low at $33.68. Year-to-date, the media stock is down 6%.