CTC Media Strengthens Management Team

CTC Media Strengthens Management Team

MOSCOW, June 21 /PRNewswire-FirstCall/ -- CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent television broadcaster, today announced several new appointments to its management team: Viacheslav Sinadski, Chief Investment Officer; Andrey Skutin, Foreign Business Director; Sergey Shanovich, Strategic Marketing Director; Konstantin Vorontsov, PR and Corporate Communications Director; and Marina Pork, PR Director - CTC Network.

Alexander Rodnyansky, Chief Executive Officer of CTC Media, commented, "With today's appointments we have strengthened our team substantially. We are fortunate to add professionals who bring a tremendous amount of expertise and energy to CTC Media. The appointment of these exceptional managers will help us to accomplish our goals including continuing to grow our television networks as well as expanding into new territories and new market segments."

Mr. Sinadski joins CTC Media as Chief Investment Officer, in charge of developing and implementing CTC Media's investment strategy and handling M&A transactions. Prior to joining CTC Media, he was a Managing Director of Alfa Capital Partners private equity fund and worked as Managing Director and a member of the Board of JSC Narzan where he was responsible for strategy, business development and M&A activities. He was also a co-founder of the Corporate Finance division of Deloitte & Touche, where he served as a Head of Corporate Finance Department. He later served as Director of Investment Banking with Troika Dialog. During 1991-2000, Mr. Sinadski worked in the United States with AT Kearney, PWC and Cannon Associates -- a Bain & Co. spin off. He is a graduate of Moscow Automotive Institution, and holds an MBA degree from J.L. Kellogg Graduate School of Management, Northwestern University.

Mr. Skutin comes to CTC Media as Foreign Business Director in charge of establishing, developing and, thereafter, running the Company's businesses in CIS countries. He most recently held the position of First Deputy General Director at DTV Network and General Director of MediaSet cable-TV operator. During 1998-2004, he was employed by TNT Network were he moved from Deputy Director of Business Development Department to General Director. Prior to that, he was working with CTC Media (then known as StoryFirst Communications) in positions ranging from Head of Department to General Director of the CTC -- Moscow station. He holds a degree from the Faculty of Interpreters of Moris Torez Moscow State Institution for Foreign Languages.

Mr. Shanovich joins CTC Media as Strategic Marketing Director, in charge of managing the Company's brands, revitalizing TV channel design, and introducing new creative promotional ideas. Prior to joining CTC Media, he ran SHANDESIGN studio, served as Art Director at NTV Broadcasting Company, and held positions of Creative Director at NTV and General Director at NTV Design Company. A graduate of the Faculty of Decorative Design of Moscow State University for Printing, he is also a member of the Russian Television Academy, Chairman of Eurasian Guild of TV Designers and Promoters and member of Promax&BDA.

Mr. Vorontsov has been appointed PR and Corporate Communications Director of CTC Media, responsible for creating and implementing the Company's communication strategy, and providing news flow support for CTC Media's operations. He most recently served as PR Director at Prof-Media. Prior to that, he wrote for Kommersant daily business paper. He graduated from the Faculty of Journalism of Lomonosov Moscow State University.

Ms. Pork comes to CTC Media as PR Director - CTC Network and will be responsible for providing full news coverage of the network's projects, events and celebrities. For the past ten years she served as Deputy Editor in Chief for Foreign Affairs at the popular weekly magazine 7 Days. Prior to that, she worked as a writer at Soviet Culture, Screen and Stage newspapers, Rossiyskaya newspaper, and New newspaper. She is a graduate of the Film Critics Faculty of Russian State Cinema Institution.

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, whose signal is carried by more than 340 affiliate stations, including 17 owned-and-operated stations; and the Domashny television network, whose signal is carried by over 210 affiliate stations, including eight owned-and-operated stations. The Company is traded on The Nasdaq Global Market under the symbol: "CTCM". For more information on CTC Media, please visit: www.ctcmedia.ru.

Contacts:

CTC Media, Inc.
Konstantin Vorontsov (media)
Dmitry Barsukov (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, our ability to execute on our growth strategy, reflect the Company's current expectations concerning future results and 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 from those expressed by forward-looking statements include, among others, risks related to further limitations on the amount of advertising time permitted on Russian television from 2008; changes in the size of the Russian television advertising market; our ability to deliver audience share, particularly in primetime, to our advertisers; 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 annual report on Form 10-K filed with the SEC on March 1, 2007. 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.

Source: CTC Media, Inc.

CONTACT: CTC Media, Inc., Konstantin Vorontsov, media, Dmitry Barsukov,
investors, +7 495 785 6333; Brainerd Communicators, Inc., Jenna Focarino,
media, Michael Smargiassi, investors, +1-212-986-6667

Web site:

http://www.ctcmedia.ru/

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