CTC Media Announces Appointment of New Director

CTC Media Announces Appointment of New Director

MOSCOW, Jan. 23, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the
"Company") (Nasdaq:CTCM), Russia's leading independent media company, today
announced that Timur Weinstein has joined CTC Media's Board of Directors,
replacing Dimitry Afanasiev, who has resigned to pursue other interests. Mr.
Weinstein is one of the three members of the CTC Media Board designated by
Telcrest Investments Limited, an affiliate of Bank Rossiya and one of CTC
Media's principal stockholders, pursuant to a stockholders' agreement among
the Company, MTG Russia and Telcrest.

Dimitry Afanasiev commented: "I have been honored to serve on the Board of
Directors of CTC Media. I continue to believe strongly in the potential of CTC
Media, and I wish the company well."

Hans-Holger Albrecht, Co-Chairman of CTC Media, commented: "On behalf of the
Board of Directors, we would like to thank Dimitry for his contribution to the
Company and wish him the very best for the future. We are delighted to welcome
Timur Weinstein to the Board. We are convinced that his background and
experience will contribute to the continued growth and success of the Company
going forward."

Note to editors:

Timur Weinstein, 38, is a shareholder and chairman of the board of directors
of WeiT Media, a production company he founded in 2009. WeiT Media became
strategic partners with Endemol, an international television production and
distribution company, in 2010. Endemol now owns 51% of WeiT Media. Mr.
Weinstein has been a producer and director of the National Cinema Award
ceremony "Nika" since 2000, and a producer and director of the National Sport
Award ceremony "Slava" since 2003. Between 2000 and 2006 Mr. Weinstein was a
shareholder and general producer of Lean-M Company, one of Russia's top
production companies, which he founded. Sony Pictures Television International
(SPTI) acquired a controlling share of Lean-M Company in 2006, the first joint
venture between a major international television company and a Russian
production company. SPTI purchased Mr. Weinstein's share of Lean-M Company in
2009. Mr. Weinstein graduated from Azerbaijan State Medical University in 1996
with a degree in psychiatry and from the Russian Institute of TV Workers in
1997 with a degree in TV directing. He is a member of the Russian Academy of
Television, the Russian Academy of Cinematographic Art, and the Russian
Producers Association.

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
         Tel: + 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
 
Press spacebar to pause and continue. Press esc to stop.