CTC Media Files Lawsuits Against Board Member

CTC Media Files Lawsuits Against Board Member

MOSCOW, November 9/PRNewswire-FirstCall/ -- CTC Media, Inc. ("CTC Media" or the "Company") (NASDAQ: CTCM), Russia's
leading independent media company, today announced that it has become aware
that its former President and Chief Executive Officer and a current non-
executive member of its Board of Directors - Alexander E. Rodnyansky - has
been involved in the business of one of the Company's competitors in Russia
and has acted against the best interests of CTC Media. These activities are
in breach of Mr. Rodnyansky's contractual obligations to the Company and his
fiduciary duties as a Director of the Company. CTC Media has therefore today
filed civil complaints in the Supreme Court of the State of New York for the
County of New York and the Delaware Chancery Court against Mr. Rodnyansky, in
order to protect the interests of the Company and its stockholders.

In addition, the Company's principal shareholders - Alfa CTC Holdings
Limited ("Alfa") and MTG Russia AB ("MTG") - have today issued written notice
to Mr. Rodnyansky that they no longer support his remaining as a member of
the Company's Board of Directors. Pursuant to Mr. Rodnyansky's agreement with
the Company, Mr. Rodnyansky's irrevocable resignation from the Board of
Directors will become effective 90 days after the receipt of such notice,
which will be on February 7, 2010. Mr. Rodnyansky was appointed to the CTC
Media Board of Directors in November 2008.

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
http://www.ctcmedia.ru.

For further information, please contact:

Investor Relations
Ekaterina Ostrova
Tel: +7-495-783-3650
Ekaterina Tsukanova
Tel: +7-495-785-6333, ext. 5437
ir@ctcmedia.ru

Media Relations
Ekaterina Osadchaya
Angelika Larionova
Tel: +7-495-785-6333
pr@ctcmedia.ru

Source: CTC Media, Inc

For further information, please contact: Investor Relations, Ekaterina Ostrova, Tel: +7-495-783-3650, Ekaterina Tsukanova, Tel: +7-495-785-6333, ext. 5437, ir@ctcmedia.ru; Media Relations, Ekaterina Osadchaya, Angelika Larionova, Tel: +7-495-785-6333, pr@ctcmedia.ru

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