Shares of Twenty-First Century Fox Inc. (NASDAQ: FOXA) and CBS Corp. (NYSE: CBS) dropped about 25% and 26%, respectively, in the past 12 months. And both have sports-centered cable channels which is where most of the money has been for some time now. The leader here, ESPN, which is owned by Walt Disney Co. (NYSE: DIS), has probably managed to keep the parent company's stock in the green for the past 12 months. Disney's shares took a big dip in mid-August, but still have posted a gain of 10% in the past 12 months.