CTC MEDIA SCHEDULES THIRD QUARTER 2011 EARNINGS RELEASE AND CONFERENCE CALL

20.10.2011

Moscow, Russia — October 20, 2011 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the third quarter ended September 30, 2011 on Wednesday, November 9, 2011 before U.S. market hours.



Moscow, Russia —October 20, 2011 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the third quarter ended September 30, 2011 on Wednesday, November 9, 2011 before U.S. market hours.

Anton Kudryashov, Chief Executive Officer, and Boris Podolsky, Chief Financial Officer, will host a conference call to discuss the third quarter 2011 financial results on November 9, 2011 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:

US/International: +1631 510 7498

UK/International: +44 (0) 1452 555 566

Passcode: 20428979

A live webcast of the conference call will be available on the Company's corporate website at www.ctcmedia.ru/investors and will be archived on the website for replay purposes.

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For further information, please contact:

CTC Media, Inc.
Investor Relations

Ekaterina Ostrova
Tel: +7 495 783 3650

or Irina Klimova
Tel: +7 495 981 0740

ir@ctcmedia.ru

Media Relations

Victoria Bakaeva
Tel: +7 495 785 6347, ext 1210

or Anna Zvereva
Tel: +7 495 785 6347, ext 1212

pr@ctcmedia.ru

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and DTV (operated under Peretz brand and logo name since October 2011) – as well as Channel 31 in Kazakhstan and TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Israel and Germany. CTC Media also owns two TV content production companies, Costafilm and Soho Media. 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.