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

On September 28, 2012, the Entravision Communications Corporation (the "Company") entered into a new employment agreement with Jeffery A. Liberman, pursuant to which he will continue to serve as the Company's Chief Operating Officer. This agreement, effective as of September 1, 2012, replaces a similar agreement with Mr. Liberman, which agreement was entered into effective as of January 1, 2010.

The agreement with Mr. Liberman provides for an initial base salary of $400,000 per year for the term of his agreement, which ends on December 31, 2015. Mr. Liberman's base salary may be increased in the discretion of the Compensation Committee of the Board of Directors of the Company. In addition, Mr. Liberman is eligible to receive a discretionary annual bonus of up to 50% of his then-current base salary. He is also eligible for equity incentive grants under the Company's equity incentive plans.

If Mr. Liberman's employment is terminated by us without cause or by Mr. Liberman for good reason (including a change of control of the Company), he will be entitled to receive all accrued salary and benefits through the date of termination, any discretionary bonus that is approved by the Compensation Committee of the Board of Directors and a severance payment equal to one year of his then-current base salary. If Mr. Liberman's employment is terminated by us for cause, he will only be entitled to receive accrued salary and benefits through the date of termination and shall be ineligible for any bonus.

If Mr. Liberman's employment is terminated by us for cause, he will only be entitled to receive accrued salary and benefits through the date of termination and shall be ineligible for any bonus or severance payment.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1† Employment Agreement effective as of September 1, 2012 by and between Entravision Communications Corporation and Jeffery A. Liberman.

† Management contract or compensatory plan, contract or arrangement.

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