Moscow, Russia – May 16, 2008 – CTC Media, Inc. (NASDAQ: CTCM), Russia's leading independent media company, announced that Vladimir Kartashkov has been appointed General Director of DTV Group.

With more than 12 years of television broadcasting experience, Vladimir Kartashkov was most recently responsible for news, social and political broadcasting on Channel "1+1" in the Ukraine. From 2003 to 2006, Mr. Kartashkov was the general producer on the popular Ukraine channel NTN. In addition, he has worked at a number of Russia's national free-to-air television channels, including NTV, RTR (Rossiya) and TVC.

The Company also announced the appointment of Oleg Tsymbalov as DTV's Financial Director. Mr. Tsymbalov most recently served as Financial Director at COMCOR, a company that owns the Moscow fiber-optic network. Mr. Tsymbalov graduated from Russian Academy of Economics with a degree in Economics in 1998. He was born on November 22, 1975 in Potsdam, Germany.
Commenting on his appointment, Vladimir Kartashkov said, "I am excited and honored to join the CTC Media team and serve as General Director of DTV Group. Through our collaborative efforts, I hope to make DTV an even more attractive premium channel for our male audience and advertisers alike."
Alexander Rodnyansky, Chief Executive Officer of CTC Media, commented, "Vladimir Kartashkov possesses a strong business acumen and is recognized by the television industry as a proven and effective manager. He has a comprehensive understanding of the captivating television programming male audiences are seeking which is evidenced by his previous management experience in serving this target demographic. I am confident that Vladimir and Oleg Tsymbalov, who brings an extensive financial background, will successfully handle the ambitious tasks associated with re-launching DTV and strengthening its market position."

Vladimir Kartashkov

Vladimir Kartashkov was responsible for information and political broadcasting of Channel "1+1" in Ukraine since 2006. He served as General Producer at Ukrainian channel NTN from 2003 to 2006. During 2002 – 2003, he was responsible for news department programs and worked as a documentary producer at TVC channel (formerly TV-6). During 1997 – 1999, he was a special reporter of the news program "Vesti" - RTR channel (Rossiya). In 1996 he was employed by NTN channel as the Chief Editor of "Frank Confession" and "Criminal Case" programs. During the previous six years, he served as a reporter, special reporter, and Deputy Head of News Service. He began his career as a journalist in 1991 at "Moskovsky Komsomolets" newspaper.
Vladimir Kartashkov graduated from Moscow State Pedagogical University with a degree in Philology in 1991. He was born on June 1, 1969 in Dolgoprudny, Russia.

About CTC Media, Inc.

 CTC Media, Inc. is Russia's leading independent media company. The Company 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 230 affiliate stations, including 13 owned-and-operated stations, and the DTV television network whose signal is carried by 24 affiliate and owned-and-operated stations. The combined audience share for the CTC, Domashny and DTV networks in 2007 was 12.9%. CTC Media, Inc. owns two Russian production companies - Costafilm LLC and Soho Media LLC and operates Channel 31 in Kazakhstan and a TV company in Uzbekistan. The Company is traded on The Nasdaq Global Sel ect Market under the symbol: "CTCM". For more information on CTC Media, please visit: www.ctcmedia.ru.

# # #

For further information please call:

CTC Media, Inc.
Ivan Philippov (media)
Katya Ostrova (investors)
+ 7 495 785 6333

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

Certain statements in this press release that are not based on historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which include, among other things, expectations regarding our ability to re-launch DTV and strengthen its market position, reflect the Company's current expectations concerning future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors which 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 forward-looking statements include, among others, risks related to our ability to deliver audience share, particularly in primetime, to our advertisers; changes in the size of the Russian television advertising market; free-to-air television remaining a significant advertising forum in Russia; our reliance on a single television advertising sales house for substantially all of our revenues; and restrictions on foreign involvement in the Russian television business. These and other risks are described in the "Risk Factors" section of CTC Media's quarterly report on Form 10-Q filed with the SEC on April 30, 2008. Other unknown or unpredictable factors could have material adverse effects on CTC Media's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward looking events discussed herein may not occur. You are cautioned not to place undue reliance on these 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.