OREANDA-NEWS  On 27 February CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), the leading independent media company in Russia, announced its unaudited consolidated financial results for the fourth quarter and year ended December 31, 2008.

- Consolidated revenues up 36% year-on-year to USD 640.2 million

- Adjusted OIBDA up 27% year-on-year to USD 280.2 million

-Adjusted net income up 30% year-on-year to USD 176.1 million

-Adjusted earnings per share up 29% year-on-year to USD 1.11

More information are available here.