OREANDA-NEWS. On October 30, 2008 CTC Media, Inc. (NASDAQ: CTCM), Russia's leading independent media company, reported financial results for the three- and nine-month periods ended September 30, 2008, reported the press-centre of CTC Media.

Financial Highlights
Consolidated revenues increased 52% to US143.3 million in the third quarter and 46% to US 452.8 million in the first nine months of 2008

OIBDA increased 72% to US 55.0 million in the third quarter and 44% to US183.7 million in the first nine months of 2008

Net income increased 20.5% to US 21.0 million in the third quarter and 46% to US 111.5 million in the first nine months of 2008

US 0.13 and US 0.70 fully diluted earnings per share for the three- and nine-month periods ended September 30, 2008, respectively.

Please use the following link to download the full text of the press release
http://www.ctcmedia.ru/pdf/CTC_Media_3Q_2008_Earnings_Release_Eng_FINAL.pdf