CTC MEDIA SCHEDULES THIRD QUARTER 2008 EARNINGS RELEASE AND CONFERENCE CALL

13.10.2008
Moscow, Russia— October 13, 2008 — CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the third quarter ended September 30, 2008 on Thursday, October 30, 2008 before U.S. market hours.

Senior management will host a conference call to discuss third quarter 2008 financial results on October 30, 2008 at 9:00 a.m. ET (4:00 p.m. Moscow time, 1:00 p.m. London Time). To access the conference call, please dial:

International: +1 973 582 2741
Russia:  810 800 2531 1012
Passcode: 67287873

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 Thursday, November 6, 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 67287873. 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 21 owned-and-operated stations; the Domashny television network, whose signal is carried by over 250 affiliate stations, including 13 owned-and-operated stations; and the DTV television network, whose signal is carried by a number of affiliate stations, including 4 owned-and-operated stations. CTC Media owns two TV content production companies: COSTAFILM and SOHO MEDIA, and operates Channel 31 in Kazakhstan, and TV companies in Uzbekistan and in Moldova. 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.
Angelika Larionova (media)
Ekaterina Ostrova, Ekaterina Tsukanova (investors)
+7 495 785 6333

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