CTC Media Appoints New Chief Strategy and Digital Media Officer

MOSCOW, Jan. 31, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has announced the appointment of Yulia Mitrovich as CTC Media Chief Strategy and Digital Media Officer effective from February 1, 2013.

In her role, Yulia Mitrovich will be responsible for updating and implementing the Company's strategies in all the key development areas. Given Yulia's previous work experience, one of her main challenges will be to accelerate the development of new media and strengthen the Company's position in this market segment.

Boris Podolsky, CEO of CTC Media, commented: "We are pleased to welcome Yulia into the CTC Media management team. During her professional career, she has proved herself to be a successful manager and high-class specialist, who has managed a wide range of projects – from developing ideas for new media startups to effectively running a business. We see digital media as a strategic area, which is inextricably linked with and naturally complements our main television business, as well as offering great long-term growth potential. Therefore, Yulia's experience in this area is particularly important and valuable for us."

Yulia Mitrovich commented: "I am very grateful to the company's management for asking me to be in charge of strategy and digital media. CTC Media is one of Russia's leading media companies and it is a great honor for me to work here. I hope that my previous experience and practical knowledge will be useful for the company."

Note to editors:

Yulia Mitrovich graduated from the University of British Columbia, Canada, with a Bachelor's in Economics, Commerce and Business Administration. She has also taken the Graduate program in exponential technologies at the Singularity University Mountain View (USA), founded by futurist Ray Kurzweil, along with Google, Nokia and a number of other leading companies.

From March 2012, before joining CTC Media, she was Chief Investment Officer at Svyaznoy, where she was responsible for launching the group's various investment projects (retail, banking, e-commerce).

From 2010 to 2012, she was CEO at online video streaming portal ZOOMBY.RU. The site became one of the segment leaders in the space of a year under her guidance. From 2008 to 2012, Yulia Mitrovich was a partner at Web Media Group, a consumer internet projects investment company (assets include dostavka.ru, zoomby.ru, bank.ru, credit.ru, menu.ru). From 2004 to 2007, Yulia she worked as a consultant at McKinsey & Company, a leading international management consulting company.

Yulia has been named one of the most promising online entrepreneurs both in Russia and abroad on numerous occasions.

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia, with operations throughout Russia and in a number of other CIS markets. It operates three free-to-air television networks in Russia – CTC, Domashny and Peretz – 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, Europe, North Africa, the Middle East, Central and South East Asia. CTC Media also has its own TV content production capabilities through its Story First Production subsidiary. 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.

The CTC Media, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9587

CONTACT: Ekaterina Ostrova
         Director, Corporate Communications and Investor Relations 
         +7 495 783 3650
         ir@ctcmedia.ru

         Irina Klimova
         Senior Manager, Investor Relations
         +7 495 981 0740
         ir@ctcmedia.ru

         Viktoriya Bakaeva
         Head of Media Relations, Press Secretary
         +7 495 785 6347, ext. 1210
         pr@ctcmedia.ru

CTC Media, Inc. Logo