Vancouver,  B.C.,  September  23,  2010  –  Glacier  Media  Inc.  (the  “Company”  or  “Glacier”)  (TSX: GVC), announced today that it has filed a Notice of Intention to make a normal course issuer bid to purchase, subject to regulatory  approval,  up  to 2,500,000  common  shares  (2.75%  of  the  outstanding  common  shares)  from  time  to time during the next 12 months.
 
As of September 17, 2010,  there were 90,786,335 common  shares  issued and outstanding.   The purchases may begin  September  28,  2010  and will  end  no  later  than  September  27,  2011.   The  shares will  be  purchased  for cancellation through the facilities of the TSX at market price.  Pursuant to TSX policies, daily purchases made by the Company will not exceed 8,673 common shares (25% of the average daily trading volume of 34,692 common shares on the TSX), subject to certain prescribed exceptions.

In the past 12 months, the Company purchased 2,087,800 common shares for cancellation at a price of $2.34 per share pursuant to its existing normal course issuer bid that expires September 27, 2010. Glacier  is using  free cash  flow  to maintain debt at manageable  levels while evaluating acquisitions,  share buy-backs and operating investment opportunities within the context of expected returns and related risk profiles. Shares in Glacier can be traded on the Toronto Stock Exchange under the symbol GVC.  For further information please contact Mr. Orest Smysnuik at 604-872-8565.
  
About Glacier

Glacier Media  Inc.  is  an  information  communications  company  focused  on  expanding  across  North  America through both internal growth and the strategic acquisition of information communications companies that provide essential information and related services through print, electronic and online media in the local newspaper, trade and business and professional information markets.  

Forward Looking Statements
Certain statements in this press release are not historical and may constitute forward-looking statements reflecting financial performance.  Investors  are  cautioned  that  all  forward-looking  statements  involve  risks  and  uncertainties.  Forward-looking  statements  are  based  on management’s  estimates,  beliefs and  opinions on  the  date  the  statements  are made. Glacier  assumes  no  obligation  to  update  forward-looking statements if circumstances should change. Additional information on these and other potential factors that could affect Glacier’s financial results are detailed in documents filed from time to time with the applicable Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.