GVC Glacier Media Inc

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.

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.

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