Media stocks were floating in a sea of red at midday Tuesday despite President Barack Obama's inauguration.

  • News Corp. (NWSA) - Get Report closed down 5.5% to $7.58
  • Viacom( VIA-B) closed down 5.3% to $15.40.
  • McClatchy (MNI) - Get Report was down 1.2% to 80 cents.
  • Washington Post (WPO) was up 3.5% to $422.58.

This article was written by a staff member of TheStreet.com.