updated 3/24/2011 2:15:56 AM ET 2011-03-24T06:15:56

MOSCOW, March 24, 2011 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or "the Company") (Nasdaq:CTCM), Russia's leading independent media company, is today hosting a Capital Markets Day at The Sofitel St. James Hotel, 6 Waterloo Place, London, SW1Y 4AN.

The Capital Markets Day comprises a full day of presentations by CTC Media's management team and Co-Chairman Peter Aven, as well as guest speakers from Video International and TNS Russia. The event commences at 9:00 AM London time and will run until approximately 4:00 PM. Copies of each presentation given at the event will be available for download from 9:00 AM today from the investor relations section of the Company's corporate web site ( www.ctcmedia.ru/investors ). A recorded webcast of the event will be available on the investor relations section of the web site on Monday, March 28th.

CTC Media will provide further information on its operational strategy and growth drivers at the event and will provide its own market forecast of 15-18% compound annual growth in ruble terms for the Russian free-to-air television advertising market from 2010 to 2015. CTC Media will also announce that it expects its Russian television advertising revenues to perform at least in line with this market growth in ruble terms over the same time period.

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 – as well as Channel 31 in Kazakhstan and a TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America and Israel. 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 further information, please visit www.ctcmedia.ruor contact:

CTC Media, Inc.
Investor Relations
Ekaterina Ostrova or
Irina Klimova
Tel: + 7 495 783 3650
Media Relations
Victoria Bakaeva
Tel: +7 495 785 6347, ext. 1210

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