STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2011

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8.     STOCKHOLDERS' EQUITY

        The following table summarizes the changes in stockholders' equity during the six months ended June 30, 2010 and 2011:

	Total			CTC Media, Inc. stockholders			Noncontrolling interest
Stockholders' equity, December 31, 2009	$	663,824		$	662,774		$	1,050
Net Income		47,850			46,103			1,747
Other comprehensive income (loss)		(21,811	)		(21,830	)		19
Comprehensive income	$	26,039		$	24,273		$	1,766
Share capital		16			16			—
Additional paid-in capital		38,133			38,133			—
Dividends declared		(22,142	)		(20,157	)		(1,985	)
Stockholders' equity, June 30, 2010	$	705,870		$	705,039		$	831

	Total			CTC Media, Inc. stockholders			Noncontrolling interest
Stockholders' equity, December 31, 2010	$	794,641		$	793,024		$	1,617
Net Income		63,982			61,260			2,722
Other comprehensive income		67,989			67,707			282
Comprehensive income	$	131,971		$	128,967		$	3,004
Share capital		3			3			—
Additional paid-in capital		18,648			18,648			—
Acquisition of non-controlling interest		3,854			—			3,854
Dividends declared		(63,178	)		(59,714	)		(3,464	)
Stockholders' equity, June 30, 2011	$	885,939		$	880,928		$	5,011

        Other comprehensive income consists entirely of currency translation adjustments for the six months ended June 30, 2010 and 2011. The increase in additional paid-in capital includes proceeds in excess of par value from exercises of stock options and stock-based compensation expenses recognized in the Company's earnings (Note 9).

        During the first six months of 2011, the following dividends were declared and paid:

Declaration date	Per Share Dividend		Aggregate Dividend		Record Date		Payment Date
February 16, 2011	$	0.16	$	25,115		March 1, 2011		March 28 and 29, 2011
April 28, 2011	$	0.22	$	34,599		June 1, 2011		June 29, 2011