May 15 (Reuters) - Glacier Media Inc GVC.TO :
* GLACIER REPORTS FIRST QUARTER RESULTS
* GLACIER MEDIA INC QTRLY LOSS PER SHARE 10 CENTS
* GLACIER MEDIA INC QTRLY CONSOLIDATED REVENUE WAS $43.3 MILLION, DOWN 2.2%
* GLACIER MEDIA INC - INCLUDING CO'S SHARE OF JV AND ASSOCIATES, QTRLY REVENUE WAS $52.4 MILLION, DOWN 8.9%
* GLACIER MEDIA INC - EXPECTS ITS TOTAL REVENUE WILL CONTINUE TO DECLINE IN NEAR TERM UNTIL IT REACHES INFLECTION POINT