CTC Media Appoints Konstantin Khachaturov as Chief Business Support Officer

MOSCOW, Oct. 19, 2012 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has announced the appointment of Konstantin Khachaturov as the Company's Chief Business Support Officer. Konstantin Khachaturov will also be a member of the CTC Media management board.

Konstantin Khachaturov has headed a Directorate for organizational development and business support, which includes the business administration, organizational development, human resources, IT and TV technology departments.

Boris Podolsky, Chief Executive Officer of CTC Media: "The appointment of Konstantin Khachaturov is yet another step in the consolidation of the CTC Media's team. Konstantin has extensive experience working in companies of various industries; he is well known in professional circles as an effective manager and possesses all the required skills and knowledge to solve the challenges ahead."

Konstantin Khachaturov said: "It is an honor for me to join CTC Media. This is a new and interesting industry, and I am confident that I can apply my professional experience here and solve the tasks ahead of me. On the one hand, it is important to provide continuity and continue with existing projects, on the other hand, I would like to introduce my own ideas and work on initiatives that will facilitate the development of the company. One of the main goals facing me initially is refining the staff incentive system, maintaining and developing corporate culture conditions, as well as boosting project work."

Konstantin Khachaturov biography:

Konstantin Khachaturov was born in Moscow in 1971. In 1995, he graduated from the Moscow State Institute of Radio-engineering, Electronics and Automation.

From 2008 to 2012, he was vice president in charge of corporate development at SITRONICS, the largest technology company in Eastern Europe, where he worked in telecommunications solutions, information technology, system integration and consulting, as well as the development and production of microelectronics. His projects include a complete back office overhaul and centralizing a series of departments (marketing and sales, IT, accounts) etc.

From 2006 to 2007, Konstantin was in charge of the technological strategy division of the Strategic Planning and Control Department of Mobile Telesystems, a leading telecommunications operator in Russia and the CIS.

From 2004 to 2006, he was head of the IT strategy and process division of the Department of Planning and Cooperation at Mobile TeleSystems.

In 2003-2004, Konstantin worked as lead consultant at IBM Eastern Europe/Asia.

In 1997-2002, he was an expert then lead consultant at PricewaterhouseCoopers.

In 1995-1997, he was employed as an expert in the telecommunication systems department of LVS Group

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 about CTC Media, please visit www.ctcmedia.ru

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

CONTACT: For further information, please visit www.ctcmedia.ru or contact: Ekaterina Ostrova Director, Corporate Communications and Investor Relations + 7 495 783 3650 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 pr@ctcmedia.ru

Source:CTC Media, Inc.