CTC MEDIA APPOINTS VYACHESLAV MURUGOV AS ACTING GENERAL DIRECTOR OF DTV GROUP

02.02.2009
Moscow, Russia – February 02, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, today announced the appointment of Vyacheslav Murugov as Acting General Director of DTV Group, which is wholly owned by CTC Media. Mr. Murugov will continue as General Director of the CTC channel and as CTC Media’s Chief Content Officer. Vladimir Kartashkov, who has served as General Director of DTV Group since May 2008, is leaving the company.

Vyacheslav Murugov will be responsible for the overall activities of DTV Group, including content creation and acquisition, strategic planning and marketing. Mr. Murugov will be supported by Ilya Ognev, DTV Group’s Executive Producer, who is responsible for content production.

Commenting on his appointment, Vyacheslav Murugov said, “I am honored to head DTV, a channel with a great potential for further growth. I would like to thank Vladimir Kartashkov, who has now decided to focus on media production ventures, for his contribution to DTV’s development and wish him continued success in the future.”

Anton Kudryashov, Chief Executive Officer, commented, “Vyacheslav has established a successful track record at CTC Media and built on his reputation as a highly professional and gifted manager. He has 13 years of media experience as a screenplay writer, producer and originator of many popular series and programs. This expertise and industry knowledge will be of great value to DTV and will facilitate strengthening the channel’s market position.”

DTV Group operates the DTV Russian national television network, which had an average audience share in its target demographic of 1.8% in 2008.

Vyacheslav Murugov

Vyacheslav Murugov was born on January 26, 1969 in Novosibirsk, Russia. He has served as Chief Content Officer of CTC Media and General Director of CTC channel since 2008. Prior to that, he served as CTC channel Executive Producer since 2007 and as CTC channel Producer since 2005. Mr. Murugov was Producer at REN TV between 2001 and 2005. He is co-founder, a member of the Board of Directors, and Creative Director of the LEAN-M production centre. From 1999 to 2001, he served as Producer at Yugra TV Company.

Mr. Murugov graduated from the Tver (Kalinin) Suvorov Military School in 1986 and from the Penza Artillery Engineering College in 1991. He is also a graduate of the TV journalism Department of Moscow State University.

Vyacheslav Murugov is the originator and producer of a number of TV projects, including “Soldiers”, “Cadets”, “Ranetki”, “Daddy’s Girls”, “6 Frames” and “Thank God You Have Come!”. He is also a Member of the Russian Television Academy.

About CTC Media, Inc.
 
CTC Media is a leading independent media company in Russia. It owns and operates the CTC television network, with signal carried by more than 350 affiliate stations, including 21 owned-and-operated stations; the Domashny television network, with signal carried by over 250 affiliate stations, including 13 owned-and-operated stations; and the DTV television network, with signal carried by 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 Moldova. The company’s common stock is traded on The NASDAQ Global Sel ect Market under the symbol “CTCM”. For more information on CTC Media, please visit www.ctcmedia.ru.

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For further information, please contact:

CTC Media, Inc.
Angelika Larionova (media)
+7 495 785 6333

Ekaterina Ostrova, Ekaterina Tsukanova (investors)
ir@ctcmedia.ru
+7 495 783 3650

DTV
Yulia Kalinovskaya (media)
+7 495 789 3818

Certain statements in this press release that are not based on historical information are "forward-looking statements".  Such forward-looking statements reflect the Company's current expectations concerning future results and events. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of CTC Media to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The potential risks and uncertainties that could cause actual future results to differ fr om those expressed by such forward-looking statements include, among others, risks to the world economy, the Russian economy and the Russian advertising market, and developments that may affect our ability to deliver audience share, particularly in primetime, to our advertisers. Risks related to our business generally are described in the "Risk Factors" section of CTC Media's most recent quarterly report on Form 10-Q filed with the SEC.  You are cautioned not to place undue reliance on any forward-looking statements. CTC Media does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.