CTC Media Schedules Third Quarter 2006 Earnings Release and Conference Call

CTC Media Schedules Third Quarter 2006 Earnings Release and Conference Call

MOSCOW, Oct. 19 /PRNewswire-FirstCall/ -- CTC Media, Inc. (NASDAQ:CTCM) will announce its financial results for the third quarter ended September 30, 2006, on Tuesday, October 31, 2006, before U.S. market hours.

Senior management will host a conference call to discuss third quarter 2006 financial results the same day at 9:00 a.m. ET (5:00 p.m. Moscow time). To access the conference call, please dial:

International: +1 973 582 2857
Russia: 8108 002 531 1012
Pass code: 7990688

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

A replay of the conference call will be available through Tuesday, November 14, 2006, at midnight ET. +1 973 341 3080. The pass code for the replay is 7990688. 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 4957833650
ir@ctcmedia.ru

Brainerd Communicators, Inc.
Jenna Focarino (media)
Michael Smargiassi, Todd St.Onge (investors)
+1 2129866667

Source: CTC Media, Inc.

CONTACT: Dmitry Barsukov, or Irina Osadchaya, +7-495-783-3650,
ir@ctcmedia.ru, both of CTC Media, Inc.; or Media: Jenna Focarino, or
Investors: Michael Smargiassi, Todd St.Onge, +1-212-986-6667, all of Brainerd
Communicators, Inc., all for CTC Media, Inc.

Web site: http://www.ctcmedia.ru/

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