OREANDA-NEWS. On June 24, 2009 CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, announced that Alexander Rodnyansky is stepping down as President of CTC Media effective August 1, 2009. Mr. Rodnyansky’s decision was approved by the Board of Directors and he will continue to serve as a Board member, reported the press-centre of CTC Media.

Peter Aven, Co-Chairman of the Board of Directors of CTC Media, commented, “As a highly experienced professional with unique creative expertise, Alexander Rodnyansky played a pivotal role in the implementation of the Company’s strategy and successfully accomplished the goals set to him by the Board, including the Company’s Initial Public Offering on NASDAQ in June 2006. We fully respect Alexander Rodnyansky’s decision and, on behalf of CTC Media’s Board of Directors, I would like to thank him for his personal contribution to the development of the Company. During the one-year period that Mr. Rodnyansky remained President of CTC Media since stepping down as CEO, we managed to ensure a smooth succession and transition of the Company’s key managerial functions.”

Mr. Rodnyansky commented, “It was a great privilege to head CTC Media, a company of outstanding success with high growth potential, for seven years and I am grateful to the Board and Peter Aven for this opportunity. Together with a strong team of professionals, we have developed the Company into a successful broadcasting holding group that is now among leading international media corporations. CTC Media is a unique company in Russia and the CIS, with six free-to-air networks in four countries and in-house production capabilities. Our channels set the standard for high quality entertainment television. We have developed unique brands that are well known by viewers from Moscow to Astana and Kishinev. Again, I would like to express my gratitude to the professionals who I have worked with during the last seven years.”

Notes to Editors:
Mr. Rodnyansky joined CTC Media in 2002 and was appointed President of CTC Media in 2004. He also served as Chief Executive Officer of the Company from 2004 to August 2008. Alexander Rodnyansky has served as a Member of the Board of Directors since August 2008.