Exhibit 31.2

CERTIFICATIONS

I, Boris Podolsky, certify that:

1.             I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of CTC Media, Inc.; and

2.             Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.