May 23 (Reuters) - Madison Venture Corporation:
* MADISON VENTURE CORPORATION ACQUIRES SHARES OF GLACIER MEDIA INC.
* MADISON VENTURE CORP - ACQUIRED, BY PRIVATE TRANSACTION, A TOTAL OF 10 MILLION COMMON SHARES OF GLACIER MEDIA AT A PRICE OF $0.65 PER COMMON SHARE
* MADISON VENTURE CORP - FOLLOWING ACQUISITION, MADISON AND ITS AFFILIATES OWN SHARES REPRESENTING ABOUT 42.1% OF GLACIER'S OUTSTANDING COMMON SHARES