CTC Media Reschedules Second Quarter and Six Months 2015 Earnings Release and Conference Call

MOSCOW, July 29, 2015 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") CTCM, Russia's leading independent media company, today announced that it would reschedule the release of its second quarter earnings results and related conference call, originally scheduled for July 29, 2015, in order to allow the Company, its Board of Directors and its Audit Committee to finalize the Company's second quarter financial statements. This will not affect the Company's previously released financial statements. The Company anticipates releasing its second quarter earnings announcement and holding its second quarter conference call for analysts and investors in early August 2015. 

About CTC Media, Inc.

CTC Media is a leading Russian independent media company, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and Peretz – as well as CTC-Love in Russia and Channel 31 in Kazakhstan, 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, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. Peretz is also available in Belarus and Kyrgyzstan. CTC Media also has a number of digital entertainment media assets: videomore.ru, domashniy.ru, ctc.ru, peretz.ru. 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.