Moscow, Russia— July 27, 2010 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, today announces that, following a change in scheduling, its financial results for the second quarter ended June 30, 2010 will now be announced on Thursday, August 5, 2010 before U.S. market hours.

Anton Kudryashov, Chief Executive Officer, and Boris Podolsky, Chief Financial Officer, will host a conference call to discuss the second quarter 2010 financial results on August 5, 2010 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:          +1 718 247 0885
UK/International:          +44 (0)20 7806 1953
Passcode:                     7930541
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.
For further information, please contact:
Investor Relations
Ekaterina Ostrova
Irina Klimova
Tel: + 7 495 783 3650
Media Relations
Ekaterina Osadchaya
Angelika Larionova
Tel: +7 495 785 6333
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, Channel 31 in Kazakhstan and TV companies in Uzbekistan and Moldova. 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.