CTC MEDIA SCHEDULES FOURTH QUARTER AND FULL YEAR 2006 EARNINGS RELEASE AND CONFERENCE CALL

08.02.2007
Moscow, Russia—February 08, 2007—CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the fourth quarter and full year ended December 31, 2006, on Tuesday, February 27, 2007, before U.S. market hours.

Senior management will host a conference call to discuss fourth quarter and full year 2006 financial results the same day at 9:00 a.m. ET (5:00 p.m. Moscow time). To access the conference call, please dial:

International: +1 973 582 2854
Russia: 8108 002 531 1012
Pass code: 8391897

A live webcast of the conference call will be available on the Company's corporate web site at www.ctcmedia.ru/investors.

A replay of the conference call will be available through Tuesday, March 13, 2007, at midnight ET. The replay can be accessed by dialing +1 973 341 3080. The pass code for the replay is 8391897. A webcast of the conference call will be archived on the Company’s web site for two weeks.

About CTC Media, Inc.

Based in Moscow, CTC Media, Inc. was formed in 1989 to pursue commercial media and advertising opportunities in Russia. The Company owns and operates the CTC television network, which reaches approximately 100 million people through more than 330 affiliate stations including 17 owned and operated stations; and the Domashny television network, which reaches approximately 58 million people through more than 210 affiliate stations, including eight owned and operated stations. The Company is traded on the Nasdaq Stock Market under the symbol: CTCM. For more information on CTC Media, please visit: www.ctcmedia.ru.

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Contacts:

CTC Media, Inc.
Dmitry Barsukov
+7 495 783 3650
ir@ctcmedia.ru

Brainerd Communicators, Inc.
Jenna Focarino (media)
Michael Smargiassi, Todd St.Onge (investors)
+1 212 986 6667