Item 1.01 Entry into a Material Definitive Agreement.

On March 27, 2009, Entravision Communications Corporation (the "Company") reduced annual base salaries of all employees based on a sliding scale determined by each employee's then current compensation level, including the annual base salaries of the Company's named executive officers ("NEOs"), effective as of April 1, 2009. Such salary reductions may be deemed to constitute amendments to the Company's NEOs' individual employment agreements, even though no amendments to such employment agreements are expected to be drafted and executed. For details regarding such salary reductions, please see Item 5.02 below.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 27, 2009, the Company reduced annual base salaries of all employees based on a sliding scale determined by each employee's then current compensation level, including the annual base salaries of the Company's NEOs, effective as of April 1, 2009. The salary reductions and new annual base salaries of the Company's NEOs are as follows: (i) Walter F. Ulloa, the Company's Chairman and Chief Executive Officer, 15% reduction from $876,000.00 to $744,600.00;
(ii) Philip C. Wilkinson, the Company's President and Chief Operating Officer, 15% reduction from $876,000.00 to $744,600.00; (iii) Christopher T. Young, the Company's Executive Vice President, Chief Financial Officer and Treasurer, 12.5% reduction from $350,000.00 to $306,250.00; and (iv) Jeffery A. Liberman, the President of the Company's radio division, 12.5% reduction from $393,500.00 to $344,312.50.

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