On the weekend, I highlighted a recent blog post about Glacier Media Group by former Times Colonist publisher Paul Willcocks.

He pointed out that the Vancouver-based publishing company is undergoing a major transformation to focus on lines of business that generate greater profit margins than community newspapers.

This morning, it doesn't appear to be helping Glacier's share price. It's been pummelled along with most other publicly traded companies.

The last time I looked, Glacier shares were trading at 79 cents, down more than eight percent from Friday's close.

That's well below the 52-week high of $1.69 for the company that publishes the Vancouver Courier, North Shore News, Westender, Business in Vancouver, and many other newspapers.

Of course, Glacier isn't alone in seeing lower share prices.

Torstar Corporation, which owns the Toronto Star, is trading at $4.07, down from its 52-week high of $7.92. In April 2011, Torstar shares reached $15.

Torstar's situation isn't nearly as grim as that of Postmedia Network Canada, which owns the Vancouver Sun and Province newspapers. Its Class B shares are at $0.59 and its Class A shares are at $0.365.

Transcontinental, which is a printer and publisher, is at $13.83, down from its 52-week high of $19.55.

Earlier this year, Transcontinental sold Vancouver and Western Living magazines to Yellow Pages Ltd. Its shares are down two percent today to $17.13, which is about halfway between its 52-week high and low.