CTC MEDIA TO LAUNCH ITS CTC-INTERNATIONAL CHANNEL IN THE BALTICS

31.10.2011

Moscow, RussiaOctober 31, 2011 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), Russia’s leading independent media company, announces that it has signed a five year exclusive agreement with Viasat Broadcasting to distribute the international version of the CTC channel (“CTC-International”) in the Baltic territories. The channel will be broadcast on the Viasat satellite pay-TV platform, as well as on third party cable and IPTV networks. Viasat Broadcasting is a subsidiary of Modern Times Group, which owns 38.2% of CTC Media.



Moscow, RussiaOctober 31, 2011 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), Russia’s leading independent media company, announces that it has signed a five year exclusive agreement with Viasat Broadcasting to distribute the international version of the CTC channel (“CTC-International”) in the Baltic territories. The channel will be broadcast on the Viasat satellite pay-TV platform, as well as on third party cable and IPTV networks. Viasat Broadcasting is a subsidiary of Modern Times Group, which owns 38.2% of CTC Media.

CTC-International will be made available from October 31, 2011 to Viasat subscribers in Estonia, Latvia and Lithuania. The channel offers the most popular content from CTC Media’s three channels in Russia - CTC, Domashny and DTV (operated under “Peretz” brand name and logo since October 2011).

Viacheslav Sinadski, Chief Strategy Officer of CTC Media, commented: “CTC-International is one of the newest offerings of CTC Media and, since its launch less than two years ago, the channel has become a great success. CTC-International is already available in the US, Israel and Germany, and we are very proud to now offer the channel to viewers in all three Baltic countries. The launch of CTC-International in the Baltics opens new opportunities for the execution of our expansion strategy in Europe. The Baltic States have an impressive potential audience of two million Russian-speaking viewers.”

”We are delighted to now be able to offer the CTC-International channel to the large number of Russian speakers in the Baltic countries. The international version of CTC contains the most successful and exciting programming of all three CTC Media channels including series, sitcoms, dramas, comedies and musical entertainment shows. CTC-International further strengthens Viasat’s offering in the region,” said Kaspars Ozolins, CEO MTG Broadcasting, Baltics.

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 name and logo since October 2011) - as well as Channel 31 in Kazakhstan and a 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 has its own TV content production capabilities through its subsidiary Story First Production. 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.

About Viasat Broadcasting

Viasat Broadcasting is part of Modern Times Group, the international entertainment broadcasting group with the largest geographical broadcast footprint in Europe. MTG's Viasat Broadcasting operates 29 free-TV channels in 11 countries and 38 pay-TV channels in 34 countries. The pay-TV channels are distributed on Viasat’s own satellite platforms in nine countries, as well as on third party broadcast networks (including cable, satellite and IPTV) and over the open internet. These free-TV and pay-TV channels and pay-TV platforms attract a total of 125 million viewers in 35 countries.

Modern Times Group is a growth company and generated SEK 13.1 billion of sales and SEK 2.4 billion of operating income in 2010. MTG’s Class A and B shares are listed on Nasdaq OMX Stockholm’s Large Cap index under the symbols ‘MTGA’ and ‘MTGB’. See: www.mtg.se.

Viasat Broadcasting – Entertaining people in Sweden, Norway, Denmark, Finland, Estonia, Lithuania, Latvia, Hungary, Czech Republic, Bulgaria, Macedonia, Ghana, Russia, Poland, Romania, Belarus, Moldova, Georgia, Ukraine, Kazakhstan, Kyrgyzstan, Uzbekistan, Armenia, Azerbaijan, Slovakia, Slovenia, Serbia, Montenegro, Croatia, Bosnia and Herzegovina, Kenya, Nigeria, Tanzania, Uganda and the United States.

For further information, please visit www.ctcmedia.ru or contact:

CTC Media, Inc.

Investor Relations

Ekaterina Ostrova
Tel: + 7 495 783 3650
or Irina Klimova
Tel:+7 (495) 981-07-40
ir@ctcmedia.ru

Media Relations

Victoria Bakaeva
+7 (495) 785 63 47, ext. 1210,
or Anna Zvereva
+7 (495) 785 63 47, ext. 1212,
pr@ctcmedia.ru