Glacier Announces Increase in Dividend

The board of directors of Glacier Media Inc. (TSX:GVC) ("Glacier" or the
"Company") announced today that it has adopted a new dividend policy whereby it
intends to increase the dividend on common shares to $0.08 annually, payable on
a quarterly basis. As a result, the board has declared the payment of a
quarterly cash dividend of $0.02 per common share payable to shareholders of
record on March 15, 2013. The dividend will be paid on April 5, 2013. The new
dividend represents a 33% increase from the previous dividend policy of $0.06
annually.  


On an annualized basis, the dividend represents a yield of approximately 4.4%
based upon the current market trading price of Glacier common shares.  


The new dividend policy is consistent with Glacier's ongoing objective of
maximizing shareholder value and related return on investment for shareholders.
Glacier generates sufficient cash flow from operations and has available
financial capacity to pursue and internally finance acquisition opportunities,
invest in operations as required, maintain debt at prudent levels, repurchase
its shares as deemed attractive, and pay the increased dividend.  


Many growth opportunities continue to be available to Glacier, both organically
and through acquisition. While economic conditions have been weak over the past
year, the Company's cash flow remains strong, and prospects for future growth in
cash flow remain attractive. As such, an increasing portion of Glacier's cash
flow can be returned to shareholders in the future through increased dividends
while still maintaining ample funding capacity for growth initiatives.  


The dividend is an eligible dividend for Canadian tax purposes. 

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

This news release contains forward-looking statements that relate to, among
other things, the Company's objectives, goals, strategies, intentions, plans,
beliefs, expectations and estimates. These forward-looking statements include,
among other things, statements relating to the Company's intention to pay
dividends, pursue acquisitions and repurchase shares. These forward looking
statements are based on certain assumptions, including continued economic
recovery and the realization of cost savings, available financial resources and
the declaration of future dividends by the Board of Directors and are subject to
risks, uncertainties and other factors which may cause results, performance or
achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements, and undue reliance should not be placed on such statements. 


Important factors that could cause actual results to differ materially from
these expectations are listed in the Company's Annual Information Form under the
heading "Risk Factors" and in the Company's MD&A under the heading "Business
Environment and Risks", many of which are out of the Company's control. These
factors include, but are not limited to, the ability of the Company to sell
advertising and subscriptions related to its publications, foreign exchange rate
fluctuations, the seasonal and cyclical nature of the agricultural industry,
discontinuation of Department of Canadian Heritage, Canada Periodical Fund,
general market conditions in both Canada and the United States, changes in the
prices of purchased supplies including newsprint, the effects of competition in
the Company's markets, dependence on key personnel, integration of newly
acquired businesses, technological changes, and financing and debt service risk.


The forward-looking statements made in this news release relate only to events
or information as of the date on which the statements are made. Except as
required by law, the Company undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements are made or
to reflect the occurrence of unanticipated events.


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