CTC and Domashny Channels Became Winners of Second Multiplex Tender

CTC and Domashny Channels Became Winners of Second Multiplex Tender

MOSCOW, Dec. 14, 2012 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the
"Company") (Nasdaq:CTCM), Russia's leading independent media company, has
announced that the CTC and Domashny channels have won a tender to be included
in the second digital multiplex. The results of the tender were announced
today by the Russian Federal Surveillance Service for Mass Media and
Communications. There were a total of ten winners out of the 18 channels
taking part in the tender. CTC Media submitted applications for all three of
the Company's Russian free-to-air channels.

CTC Media must now make a one-off license fee payment of 36 million rubles per
channel and sign a broadcasting contract with Russian Television and Radio
Broadcasting Network, the operator of the multiplex, for the entire 10-year
period of the digital broadcasting license. The contract must be signed within
the next three months.

The CTC Media development strategy covered the eventuality that not all of its
channels would be included in the second multiplex. The Company has already
developed and approved an alternative transmission plan, which envisages the
use of cable and satellite networks, as well as the internet, to provide a
substantial level of technical penetration for Peretz.

About CTC Media

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 about CTC Media, please
visit www.ctcmedia.ru

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

For further information, please visit www.ctcmedia.ru

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

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