Vancouver,  B.C.,  September  23,  2009  –  Glacier  Media  Inc.  (the  “Company”  or  “Glacier”)  (TSX:GVC), announced today that it has filed a Notice of Intention to renew its normal course issuer bid to purchase, subject to regulatory approval, up  to 2,500,000 common shares  (2.7% of  the outstanding common shares and 4.0% of  the public float) from time to time during the next 12 months.  

As of September 14, 2009,  there were 92,874,125 common  shares  issued and outstanding.   The purchases may begin  September  28,  2009  and will  end  no  later  than  September  27,  2010.   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  15,656  common  shares  (25%  of  the  average  daily  trading  volume  of  62,624 common shares on the TSX), subject to certain prescribed exceptions.

In  the past 12 months,  the Company purchased 413,504 common  shares  for cancellation at a weighted average price of $2.09 per share pursuant to its existing normal course issuer bid that expires September 25, 2009. Glacier  is monitoring  risk  levels  in  the context of  the  recession and  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.   These investments will only be undertaken  if debt and operating  levels  are  deemed  prudent  within  the  context  of  the  increased  risks  entailed  in  a  recessionary environment.  

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.