Glacier Media Inc.
TSX : GVC

Glacier Media Inc.

August 31, 2010 17:59 ET

Glacier Acquires Share Block Under Normal Course Issuer Bid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - Glacier Media Inc. (TSX:GVC) (the "Company" or "Glacier") announced today that it has acquired for cancellation 2,087,800 Glacier common shares at $2.34 per share under its normal course issuer bid.

Shares in Glacier can be traded on the Toronto Stock Exchange under the symbol GVC.

About the Company: Glacier Media Inc. is an information communications company focused on the provision of primary and essential information and related services through print, electronic and online media. Glacier is pursuing this strategy through its core businesses: the local newspaper, trade information 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.

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