I know you can print a list within iTunes but i'm not going to do that because it'd take 147 sheets of paper. I tried just copying everything in my iTunes and pasting it into TextEdit but then the app goes into the "not responding" state.
I'd guess you have TextEdit set to Rich Text Mode. You're copying not only album names but the audio, too--and that operation will take a very long time.
Toggle TextEdit to Plain Text Mode (Cmd-Shift-T). Then try your copy/paste operation again.