CTC MEDIA TO PARTICIPATE IN JPMORGAN AND RENAISSANCE CAPITAL ONE-ON-ONE INVESTOR CONFERENCES IN LONDON

18.01.2008
Moscow, Russia – January 18, 2007 – CTC Media, Inc. (NASDAQ: CTCM) announced today that Alexander Rodnyansky, Chief Executive Officer, and Boris Podolsky, Chief Financial Officer, will take part in JPMorgan’s CEEMEA Corporate Access Days to be held on the 22nd and 23rd of January 2008, and in Renaissance Capital’s Telecoms, Media and Technology Sector Days to be held on the 24th and 25th of January, 2008. Both events will take place in London, UK. The conference format is individual one-on-one meetings.

A copy of the slide presentation that the Company will have on hand at the conferences will be available on the investor relations portion of CTC Media’s Web site, located at http://www.ctcmedia.ru/investors/presentations/.

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, whose signal is carried by more than 350 affiliate stations, including 18 owned-and-operated stations; and the Domashny television network, whose signal is carried by over 220 affiliate stations, including 11 owned and operated stations. The Company is traded on the NASDAQ Global Select Market under the symbol: "CTCM". For more information on CTC Media, please visit: www.ctcmedia.ru.

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Contacts:

CTC Media, Inc.
Katya Ostrova (Investor Relations)
+7 495 783 3650
+7 495 785 6333
ir@ctcmedia.ru

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