Effective November 12, 2005, Entravision Communications Corporation (the "Company") entered into the First Amendment dated as of November 12, 2008 (the "Amendment") to the Credit and Guaranty Agreement dated as of September 29, 2005 (the "Original Credit Agreement") by and among the Company, certain subsidiaries of the Company, as guarantors, the lenders party thereto, and Union Bank of California, N.A., as Administrative Agent (as amended, the "Credit Agreement").

The Amendment provides, in material part, that the Company may repurchase and cancel outstanding loans under the Credit Agreement, at a price to be agreed upon between the Company and any lender holding such loans, up to a maximum amount of $75,000,000 in aggregate face amount of the outstanding loans to be repurchased, and subject to such other terms and conditions described in the Amendment.

The Amendment also makes certain technical and conforming changes to the terms of the Original Credit Agreement. All other provisions of the Original Credit Agreement remain in full force and effect unless expressly amended or modified pursuant to the Amendment.

(d) Exhibits

10.1    First Amendment dated as of November 12, 2008 to Credit and Guaranty
        Agreement dated as of September 29, 2005 by and among Entravision
        Communications Corporation, certain subsidiaries of Entravision
        Communications Corporation, as guarantors, the lenders party thereto, and
        Union Bank of California, N.A., as Administrative Agent.