Exhibit 10.15

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT
                    -----------------------------------------

         THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") is
entered into by CTC Media, Inc., a Delaware corporation (the "Company"), and
Leigh Sprague (the "Executive").

         WHEREAS, the Company and the Executive are party to that certain
Employment Agreement dated October 25, 2005 (the "Prior Agreement"); and

         WHEREAS, the Company and the Executive desire to amend and restate the
Prior Agreement to replace it in its entirety with this Agreement.

         In consideration of the mutual covenants and promises contained herein,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged by the parties hereto, the parties agree as follows:

1.       Term of Employment. The Company hereby agrees to employ the Executive,
and the Executive hereby accepts employment with the Company, upon the terms set
forth in this Agreement, effective as of August 15, 2005 (the "Commencement
Date"). The Executive's employment shall continue until it is terminated in
accordance with the provisions of Section 5.

2.       Title; Capacity.

                  a)       The Executive shall serve as Corporate Counsel and
         his job duties shall include preparing the Company for a planned U.S.
         listing and public offering and, thereafter, being responsible for
         ongoing SEC reporting, compliance and regulatory matters. The Executive
         will be responsible for managing the process through which the Company
         and its subsidiaries (collectively, the "Group") enter into legal
         agreements and will be actively involved in corporate transactions such
         as mergers, acquisitions and financings. The Executive's duties will
         include board and investor communications, review of key contracts and
         providing guidance on various aspects of U.S. law and general corporate
         matters. The Executive agrees to perform such other duties and
         responsibilities as the Company's Chief Financial Officer or his
         designee shall from time to time reasonably assign to him.

                  b)       The Executive shall be based at the Company's
         headquarters in Moscow, Russia or such other location as the Company
         and the Executive shall mutually agree.

                  c)       The Executive shall be subject to the supervision of,
         and shall have such authority as is delegated to him by, the Company's
         Chief Financial Officer or his designee or the Company's Board of
         Directors (the "Board").






                  d)       The Executive agrees to devote his entire business
         time, attention and energies to the business and interests of the
         Company during his employment with the Company and shall not engage in
         any other business activities without the prior written approval of the
         Chief Financial Officer. The Executive agrees to abide by the rules,
         regulations, instructions, personnel practices and policies of the
         Company and any changes therein that may be adopted from time to time
         by the Company.

3.       Compensation and Benefits.

                  a)       Base Salary. The Company shall pay the Executive, in
         regular installments in accordance with the Company's standard payroll
         practices, an annual base salary of $200,000, less all applicable U.S.
         and Russian federal, state and local taxes and withholdings (the "Base
         Salary"). Such salary may be adjusted from time to time in accordance
         with normal business practice and upon mutual agreement of the parties.

                  b)       Discretionary Bonus. The Executive shall be eligible
         for an annual discretionary target bonus of up to 30% of his then
         current Base Salary, less all applicable U.S. and Russian federal,
         state and local taxes and withholdings, subject to achievement of
         performance goals set by either the Chief Financial Officer or the
         Board or a committee thereof. Whether such performance targets, if any,
         have been achieved will be decided by the Chief Financial Officer or
         the Board or a committee thereof in his or its reasonable discretion.
         The Executive's target bonus for 2005 shall be prorated from the
         Commencement Date and, therefore, the maximum discretionary bonus award
         that the Executive may be entitled to for 2005 shall be 11.25% of his
         Base Salary for 2005. In any event, the Executive must be an active
         employee of the Company on the date the bonus for any fiscal year is
         distributed in order to be eligible for a bonus award.

                  c)       Vacation. The Executive shall be eligible to accrue a
         maximum of 20 business days of paid vacation per calendar year, subject
         to proration to the Commencement Date and to be taken at such times as
         may be approved by and in the sole discretion of the Company. Such
         vacation days shall accrue at the rate of 1.667 days per month.

                  d)       Insurance. While the Executive is employed by the
         Company, the Company shall provide him with disability insurance
         coverage to the extent of 60% of the then current Base Salary and
         $750,000 in term life insurance coverage with a beneficiary or
         beneficiaries of the Executive's designation. The Company also shall
         provide the Executive and his immediate family with worldwide medical,
         vision and dental insurance with CIGNA (or an alternative provider
         mutually agreed by the Company and the Executive). The Executives
         insurance coverage shall be governed by the terms of the insurance
         policies.

                  e)       Retirement Benefits. The Company may establish a
         401(k) plan in which the Executive shall be eligible to participate
         subject to and in accordance with the formal plan documents governing
         such plan. If such a plan is established, the Company shall make a
         matching contribution equal to 50% of any contribution made by the
         Executive to the 401(k) plan, provided that the Company shall not be
         required to contribute more than $7,000 to the Executive's 401(k)
         account in any calendar year. The Company is not responsible for how
         any such contributions are treated for tax purposes by taxing and
         government authorities. In the event that the Company determines not to
         so establish a 401(k) plan for the Executive, the Company shall provide
         the Executive with an annual retirement benefit of $17,200 on or before
         December 31st of each year of the Executive's employment with the
         Company (pro-rated for any partial employment years). The Executive
         shall be responsible for all applicable U.S. and Russian federal, state
         and local taxes and withholdings on such benefit.

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                  f)       Russian visas. The Company shall use its best efforts
         to assist the Executive and his immediate family to obtain the
         necessary visas required for them to live in Russia and for the
         Executive to work in Russia, in each case, for the term of the
         Executive's employment with the Company. The Company will bear the cost
         of obtaining such visas. The Company makes no representations regarding
         the ability of the Executive and/or his immediate family members to
         obtain any such visas and/or maintain such status. The Executive shall
         be responsible for maintaining any documents relating to his continued
         performance of work in Russia.

                  g)       Mobile phone. The Company shall provide the Executive
         with a mobile phone and shall pay the line rental and service fees and
         the cost of any business-related calls.

                  h) Equipment. The Company shall consider on a case-by-case
         basis the Executive's reasonable requests for home office equipment
         (such as a laptop computer, printer and/or fax machine) and, to the
         extent the Company believes the Executive's service to the Company
         requires the use of such items, it shall provide them to the Executive
         (but, at all times, such items shall remain the property of the
         Company).

                  i)       Indemnification Agreement. The Company shall enter
         into an officer indemnification agreement with the Executive (the
         "Indemnification Agreement") in the form attached hereto as Exhibit A.

4.       Taxes. The Executive shall be responsible for all of his own federal
         and/or state taxes payable in the United States, Russia or any other
         jurisdiction in which he is subject to tax. During the term of the
         Executive's employment with the Company and for any tax year which
         includes a period during which the Executive was employed by the
         Company, the Company shall pay the costs of retaining tax accountants
         to prepare the U.S. (federal and, if any, state) and Russian tax
         returns for the Executive and his immediate family up to a maximum of
         $2,500 per annum.

5.       Employment Termination. The employment of the Executive by the Company
pursuant to this Agreement shall terminate upon the occurrence of any of the
following:

                  a)       At the election of the Company, for Cause,
         immediately upon written notice by the Company to the Executive. For
         the purposes of this Agreement, "Cause" for termination shall be deemed
         to exist upon: (i) a good faith finding by the Company that (A) the
         Executive has failed to adequately perform the material aspects of his
         assigned duties for the Company in a manner that materially and
         adversely affects the Company, after written notice of such failure of
         such duties and a reasonable opportunity to correct such failure, or
         (B) the Executive has engaged in dishonesty, gross negligence or
         intentional misconduct that materially and adversely affects the
         Company; (ii) the Executive's conviction of, or the entry of a pleading
         of guilty or nolo contendere by the Executive, to any crime involving
         moral turpitude or any felony; (iii) the Executive's material breach of
         Section 7 or 8 hereof if such breach is caused by the Executive's
         intentional misconduct or gross negligence; (iv) the Executive's
         intentional violation of Company policy in a manner that materially and
         adversely affects the Company, after written notice of such violation
         and a reasonable opportunity to correct such failure; or (v) the
         Executive's failure to maintain the currency of a visa providing him
         with the right to live and work in Russia, provided that such failure
         results from action or inaction on the Executive's part and not from
         (x) a change in Russian immigration laws, (y) the breach by the Company
         of its best efforts obligation set forth in Section 3(f) or (z) any
         other reason unrelated to action or inaction on the Executive's part.


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                  b)       At the election of the Company, without Cause, upon
         not less than six months' prior written notice of termination.

                  c)       At the election of the Executive, upon not less
         than six months' prior written notice of resignation.

                  d)       Upon the death or disability of the Executive. As
         used in this Agreement, the term "disability" shall mean the inability
         of the Executive, due to a physical or mental disability, for a period
         of seventy-five (75) business days, whether or not consecutive, during
         any 360-day period to perform the services contemplated under this
         Agreement; provided that such disability is also deemed a "disability"
         for purposes of the disability insurance coverage referenced in Section
         3(d). A determination of disability shall be made by a physician
         satisfactory to both the Executive and the Company, provided that if
         the Executive and the Company do not agree on a physician, the
         Executive and the Company shall each select a physician and these two
         together shall select a third physician, whose determination as to
         disability shall be binding on all parties.

6.       Effect of Termination.

                  a)       In the event the Executive's employment is terminated
         for Cause pursuant to Section 5(a), or at the election of either party
         pursuant to Sections 5(b) or 5(c), the Company shall pay to the
         Executive the compensation and benefits otherwise payable to the
         Executive under Section 3 through the last day of the Executive's
         actual employment by the Company.

                  b)       If the Executive's employment is terminated by death
         or because of disability pursuant to Section 5(d), the Company shall
         pay to the Executive or the Executive's estate, as the case may be, the
         compensation which would otherwise be payable to Executive under
         Section 3 up to the end of a one month period after which the
         termination of the Executive's employment occurs because of death or
         disability.

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7.       Non-Competition and Non-Solicitation.

                  a)       During the term of the Executive's employment and for
         a period of one (1) year with respect to subclause (i) below, and for a
         period of two (2) years with respect to subclause (ii) and (iii) below,
         after the termination of such employment, the Executive will not
         directly or indirectly:

                           i) as an individual proprietor, partner, stockholder,
                  officer, employee, director, joint venturer, investor, lender,
                  or in any other capacity whatsoever (other than as the holder
                  of not more than one percent (1%) of the total outstanding
                  stock of a publicly held company), engage in the business of
                  television broadcasting in Russia or any other country in
                  which the Group is then operating or in which it has
                  undertaken material preparations to begin operating; or

                           ii) recruit, solicit or induce, or attempt to induce,
                  any employee or employees of the Group to terminate their
                  employment with, or otherwise cease their relationship with,
                  the Group; or

                           iii) solicit, divert or take away, or attempt to
                  divert or to take away, the business or patronage of any of
                  the current or prospective business partners, advertisers or
                  affiliate stations of the Group with whom the Executive had
                  significant contact while employed by the Company.

                  (b)      If any restriction set forth in this Section 7 is
         found by any court of competent jurisdiction to be unenforceable
         because it extends for too long a period of time or over too great a
         range of activities or in too broad a geographic area, it shall be
         interpreted to extend only over the maximum period of time, range of
         activities or geographic area as to which it may be enforceable.

                  (c)      The Executive acknowledges and agrees that the
         restrictions contained in this Section 7 are necessary for the
         protection of the business and goodwill of the Group and are considered
         by the Executive to be reasonable for such purpose. The Executive
         agrees that any breach of this Section 7 will cause the Company
         substantial and irrevocable damage and therefore, in the event of any
         such breach, in addition to such other remedies which may be available,
         the Company shall have the right to seek specific performance and
         injunctive relief.

                  d)       The provisions of Section 7 survive the termination
         of the Executive's employment and the termination of this Agreement.

8.       Proprietary Information.

                  a)       The Executive agrees that all information and
         know-how, whether or not in writing, of a private, secret or
         confidential nature concerning the Group's business or financial
         affairs (collectively, "Proprietary Information") is and shall be the
         exclusive property of the Group. By way of illustration, but not
         limitation, Proprietary Information may include business processes,
         methods and techniques; planned programming schedules; material terms
         of contracts, research data, personnel data, computer programs and
         supplier lists. The Executive shall not disclose any Proprietary
         Information to others outside the Group or use the same for any
         unauthorized purposes without written approval of the Chief Executive
         Officer or the Board, either during or after his employment, unless and
         until such Proprietary Information has become public knowledge without
         fault by the Executive.


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                  (b)      The Executive agrees that all files, letters,
         memoranda, reports, records, data, notebooks, program listings, or
         other written, photographic, or other tangible material containing
         Proprietary Information, whether created by the Executive or others,
         which shall come into his custody or possession, shall be and are the
         exclusive property of the Group to be used by the Executive only in the
         performance of his duties for the Group.

                  (c)      The Executive agrees that his obligation not to
         disclose or use information, know-how and records of the types set
         forth in paragraphs (a) and (b) above, also extends to such types of
         information, know-how, records and tangible property of business
         partners of the Group or other third parties who may have disclosed or
         entrusted the same to the Group or to the Executive in the course of
         the Group's business.

                  d)       The provisions of Section 8 survive the termination
of the Executive's employment and the termination of this Agreement.

9.       No Restrictions On Employment. The Executive hereby represents that he
is not bound by the terms of any agreement with any previous employer or other
party to refrain from using or disclosing any trade secret or confidential or
proprietary information in the course of his employment with the Company or to
refrain from competing, directly or indirectly, with the business of such
previous employer or any other party. The Executive further represents that his
performance of all the terms of this Agreement and as an employee of the Company
does not and will not breach any agreement to keep in confidence proprietary
information, knowledge or data acquired by him in confidence or in trust prior
to his employment with the Company.

10.      Notices. All notices required or permitted under this Agreement shall
be in writing in English and shall be deemed to have been duly given when
delivered either in person and shall be deemed effective upon personal delivery
or upon sending by a reputable overnight courier service, addressed to the other
party at the address shown on the signature page hereto, or at such other
address or addresses as either party shall designate to the other in accordance
with this Section 10.

11.      Entire Agreement. This Agreement, together with the Indemnification
Agreement, constitutes the entire agreement between the parties and supersedes
all prior agreements and understandings, whether written or oral (including,
without limitation, the letter agreement dated July 5, 2005 between the Company
and the Executive setting forth the terms of the Company's offer of employment
to the Executive and the Prior Agreement), relating to the subject matter of
this Agreement.


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12.      Amendment. This Agreement may be amended or modified only by a written
instrument executed by both the Chief Financial Officer or another officer of
the Company designated the Board, on the one hand, and the Executive, on the
other hand.

13.      Governing Law, Forum and Jurisdiction. This Agreement shall be governed
by and construed under and in accordance with the laws of the State of Delaware.
Any action, suit, or other legal proceeding which is commenced to resolve any
matter arising under or relating to any provision of this Agreement shall be
commenced only in a court of the State of Delaware (or, if appropriate, a
federal court located within Delaware), and the Company and the Executive each
consents to the exclusive jurisdiction of such a court.

14.      Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of both parties and their respective successors and assigns,
including any corporation with which or into which the Company may be merged or
which may succeed to its assets or business, provided, however, that the
obligations of the Executive are personal and shall not be assigned by him.

15.      Acknowledgment. The Executive states and represents that he has had an
opportunity to fully discuss and review the terms of this Agreement with an
attorney of his own choosing. The Executive further states and represents that
he has carefully read this Agreement, understands the contents herein, freely
and voluntarily assents to all of the terms and conditions hereof, and signs his
name of his own free act.

16.      No Waiver. No delay or omission by the Company in exercising any right
under this Agreement shall operate as a waiver of that or any other right. A
waiver or consent given by the Company on any one occasion shall be effective
only in that instance and shall not be construed as a bar or waiver of any right
on any other occasion.

17.      Validity/Severability. In case any provision of this Agreement shall be
invalid, illegal or otherwise unenforceable, the validity, legality and
enforceability of the remaining provisions shall in no way be affected or
impaired thereby.

18.      Captions. The captions of the sections of this Agreement are for
convenience of reference only and in no way define, limit or affect the scope or
substance of any section of this Agreement.



            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]



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         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year set forth below.



                                            CTC MEDIA, INC.


Dated: November 28, 2005                    By: /s/ Nilesh Lakhani
       -----------------------------            --------------------------------
                                                Nilesh Lakhani
                                                Chief Financial Officer

                                            Address:   15A Pravda Street
                                                       Moscow 125124
                                                       Russia



Dated:  November 28, 2005                    /s/ Leigh Sprague
        ----------------------------         -----------------------------------
                                                 Leigh Sprague

                                             Address:  Zemlyanoy Val 48A, Apt. 1
                                                       Moscow 125009
                                                       Russia










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