CTC MEDIA SCHEDULES FIRST QUARTER 2008 EARNINGS RELEASE AND CONFERENCE CALL

10.04.2008
Moscow, Russia— April 10, 2008 — CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the first quarter ended March 31, 2008 on Tuesday, April 29, 2008 before U.S. market hours.

Senior management will host a conference call to discuss first quarter 2008 financial results on April 29, 2008 at 9:00 a.m. ET (5:00 p.m. Moscow time, 2:00 p.m. London time). To access the conference call, please dial:

International: +1 973 582 2741
Russia: 8108 002 531 1012
Passcode: 42562935

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, May 13, 2008 at midnight ET. The replay can be accessed by dialing +1 706 645 9291 or +1 800 642 1687. The passcode for the replay is 42562935. A webcast of the conference call will be archived on the Company’s Web site for two weeks.

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia. It owns and operates the CTC television network, whose signal is carried by more than 350 affiliate stations, including 19 owned-and-operated stations; and the Domashny television network, whose signal is carried by over 230 affiliate stations, including 13 owned-and-operated stations. CTC recently announced the acquisition of DTV, a third Russian television network, which is expected to close in the second quarter of 2008. The combined audience share for the CTC, Domashny and DTV networks in 2007 was 12.9%. CTC Media owns two TV content production companies: COSTAFILM and SOHO MEDIA, and operates Channel 31 in Kazakhstan and a TV company in Uzbekistan. The Company’s common stock 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.
Ivan Philippov (media)
Katya Ostrova (investors)
+7 495 785 6333

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