CTC MEDIA SCHEDULES SECOND QUARTER 2008 EARNINGS RELEASE AND CONFERENCE CALL

10.07.2008
Moscow, Russia— July 10, 2008 — CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the second quarter ended June 30, 2008 on Tuesday, July 29, 2008 before U.S. market hours.

Senior management will host a conference call to discuss second quarter 2008 financial results on July 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: 55184319

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, August 5, 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 55184319. A webcast of the conference call will be archived on the Company’s Web site for two weeks.


About CTC Media, Inc.

CTC Media, Inc. is Russia's leading independent media company. The Company owns and operates the CTC television network, whose signal is carried by more than 350 affiliate stations, including 21 owned-and-operated stations, the Domashny television network, whose signal is carried by over 230 affiliate stations, including 13 owned-and-operated stations, and the DTV television network, whose signal is carried by a number of affiliate stations, including 24 owned-and-operated stations. The combined audience share for the CTC, Domashny and DTV networks in 2007 was 12.9%. CTC Media also owns two Russian production companies, Costafilm LLC and Soho Media LLC, and operates Channel 31 in Kazakhstan and a TV company in Uzbekistan. 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.
Ivan Philippov (media)
Katya Ostrova (investors)
+7 495 785 6333

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