CTC MEDIA SCHEDULES SECOND QUARTER 2006 EARNINGS RELEASE AND CONFERENCE CALL

17.07.2006
Moscow, Russia – July 17, 2006 - CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the second quarter ended June 30, 2006, on Monday, July 31, 2006, before U.S. market hours.

Senior management will host a conference call to discuss second quarter 2006 financial results on Monday, July 31, at 9 a.m. ET (5 p.m. Moscow time). To access the conference call, please dial:

International: +1 973 582 2843
Russia: 8108 002 531 1012
Pass code: 7628004

A live webcast of the conference call will also be available on the Company's corporate web site at www.ctcmedia.ru/investors.

A replay of the conference call will be available through Monday, August 14, 2006, at midnight ET. The replay can be accessed by dialing +1 973 341 3080. The pass code for the replay is 7628004. A webcast of the conference call will be archived on the Company’s web site for two weeks.

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, which reaches approximately 100 million people through more than 310 affiliate stations including 17 owned and operated stations; and the Domashny television network, which reaches approximately 57 million people through more than 170 affiliate stations, including six owned and operated stations. The Company is traded on the Nasdaq Stock Market under the symbol: CTCM. For more information on CTC Media, please visit: www.ctcmedia.ru.

Contacts:

CTC Media, Inc.
Dmitry Barsukov
Irina Osadchaya
+7 495 783 3650
ir@ctcmedia.ru

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