MOSCOW, July 18, 2011 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media"
or "the Company") (Nasdaq:CTCM), Russia's leading independent media
company, announces that as part of the Company's new media initiative
to make its content available over multiple platforms and applications,
CTC Media's social TV network Videomore (www.videomore.ru) has launched
applications for iPhone and Android mobile platforms. The applications
are now available for download from the Apple App Store and the Android
Market, respectively.

Videomore widget can also be installed on D-Link's popular Boxee
digital media player. Its content can also be accessed from various
mobile platforms which support the portal's HTML5 format. A Videomore
application customized for the iPad is also being developed and is
expected to be launched in the near future. It is also expected that
Videomore content will be made available on internet-enabled TV sets
and most multimedia players by Fall 2011.

At present, while users do benefit from capabilities such as being able
to restore previous video sessions, users of Apple's mobile iOS
platform can only access the applications in a basic format. Currently,
subscribers can search content, play videos and navigate through the
website's main sections, such as "Most popular", "Series", "Shows" and
"Programs". The more advanced application currently available for
Android already includes all of the main services from Videomore, among
which are friends' lists, comments, subscriptions to projects and
users' personal blogs. In the near future, all social functions,
including playlists and video citations, will be available on all major
mobile platforms.

Askar Tuganbaev, Internet Project Development Director of CTC Media
commented: "Desktop computers do not provide users with the flexible,
view anywhere access, that more than 10 million Videomore subscribers
demand. Our goal is to please our customers and to make the portal
available on a wide range of mobile devices for their convenience. New
versions will be upgraded with new features and functionality, enabling
users to participate in various social networking activities, while
watching videos. We are confident that the variety of applications
available will attract more customers to use Videomore, which will also
make the process of viewing content more convenient, sociable and
entertaining."

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 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, Israel and Germany. 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
www.ctcmedia.ru.

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

Caution Concerning Forward Looking Statements

Certain statements in this press release that are not based on
historical information are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, among others, statements regarding
availability of content through an iPad designated application,
connected TV sets and other multimedia players, statement regarding the
launch of some option for mobile users, as well as statement that newly
launched applications will contain more additional options and
functionality and their ability to attract more customers. These
statements reflect the Company's current expectations concerning future
results and events. These forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of CTC Media to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.

The potential risks and uncertainties that could cause actual future
results to differ from those expressed by forward-looking statements
include, among others, the implementation of the Company's own internal
sales house structure; depreciation of the value of the Russian ruble
compared to the US dollar; changes in the size of the Russian
television advertising market; the Company's ability to deliver
audience share, particularly in primetime, to its advertisers;
free-to-air television remaining a significant advertising forum in
Russia; and restrictions on foreign involvement in the Russian
television business. These and other risks are described in the "Risk
Factors" section of CTC Media's 2010 annual report on Form 10-K filed
with the SEC on March 1, 2011 and quarterly report for the first
quarter 2011 on Form 10Q filed with the SEC on May 5, 2011.

Other unknown or unpredictable factors could have material adverse
effects on CTC Media's future results, performance or achievements. In
light of these risks, uncertainties, assumptions and factors, the
forward-looking events discussed herein may not occur. You are
cautioned not to place undue reliance on these forward-looking
statements. CTC Media does not undertake any obligation to publicly
update or revise any forward-looking statements because of new
information, future events or otherwise.


CONTACT: CTC Media, Inc.
         Investor Relations
         Ekaterina Ostrova
         Tel: +7 495 783 3650
         or Irina Klimova
         Tel: +7 495 981 0740   
         ir@ctcmedia.ru
         
         Media Relations    
         Victoria Bakaeva
         Tel: +7 495 785 6347, ext 1210
         or Anna Zvereva
         Tel: +7 495 785 6347, ext 1212
         pr@ctcmedia.ru