Glacier Media Inc. (TSX:GVC) ("Glacier" or the "Company") announced today that
it has sold its Millar Avenue property in Saskatoon, SK, for $8.2 million and
entered into a long term lease arrangement for the property with the new owners.
The sale was completed as part of the Company's value enhancement initiatives
and the proceeds will be utilized to pay down long term debt.


Shares in Glacier are 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glacier Media Inc.
Mr. Orest Smysnuik
Chief Financial Officer
604-708-3264
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