TIME BROKERAGE AGREEMENT





     This Time Brokerage Agreement (this "Agreement") is made as of this 4th day

of June, 2002, effective for all purposes on the Effective Date (as defined

below), between ENTRAVISION COMMUNICATIONS CORPORATION, a Delaware corporation

("Programmer"), and KTCY LICENSING, INC., a Delaware corporation ("Licensee").



                                    Recitals



WHEREAS, Licensee holds a license issued by the Federal Communications

Commission (the "FCC") for operation of Station KTCY(FM), Pilot Point, Texas

(the "Station");



WHEREAS, Licensee, Programmer and Spanish Broadcasting System, Inc. ("Spanish

Broadcasting") have contemporaneously entered into an Asset Purchase Agreement

(the "Purchase Agreement"), which provides for the acquisition by Programmer of

certain assets and liabilities of Licensee and Spanish Broadcasting on the terms

and subject to the conditions set forth therein; and



WHEREAS, between the date hereof and the closing under the Purchase Agreement,

Programmer desires to broker certain air time on the Station, all in accordance

with the Communications Act of 1934, as amended, and the rules, regulations, and

policies of the FCC (the "FCC Requirements").



     NOW, THEREFORE, in consideration of the foregoing premises and of the

mutual covenants, representations, warranties and agreements contained in this

Agreement and other good and valuable consideration, the receipt and sufficiency

of which are hereby acknowledged, the parties to this Agreement agree as

follows:



     1.   Effective Date and Term.



          1.1  Effective Date. This Agreement shall become effective for all

purposes on the date hereof (the "Effective Date").



          1.2  Term. The term of this Agreement (the "Term") shall begin on the

Effective Date and shall continue until the consummation of the transaction

under the Purchase Agreement, unless earlier terminated under the provisions of

this Agreement.



     2.   Brokering of Air Time. Programmer hereby agrees to broker certain air

time on the Station during the Term (such brokered air time period is referred

to herein as the "Broadcasting Period"). During the Broadcasting Period,

Licensee shall broadcast on the Station programming supplied by Programmer (the

"Programming"). Programmer will ensure that the Programming meets technical and

quality standards equal to those of programming broadcast by commercial radio

stations generally in the United States. If Licensee, in the reasonable exercise



<PAGE>

of its discretion, finds that the Programming does not meet such standards, then

it shall advise Programmer in writing of the specific deficiencies. If such

deficiencies have not been corrected within ten (10) days after receipt of

notice, then Licensee shall have no obligation to continue broadcast such

Programming until such time as the deficiencies are corrected.



     3. Licensee's Broadcasting Obligations. In consideration for the payments

made and to be made by Programmer hereunder, Licensee shall make available to

Programmer, beginning on the Effective Date, all of the Station's air time

(except for such time necessary for Licensee to meet its obligations under the

rules and regulations of the FCC) during the Broadcasting Period and shall cause

to be broadcast on the Station the Programming pursuant to Section 2 hereof.

Throughout the Term, unless otherwise mutually agreed by the parties, Licensee

shall maintain the operating power of the Station at its authorized maximum

licensed level and shall operate and maintain in good working condition the

Station's transmission facilities and broadcasting equipment. Licensee shall use

its best efforts to provide at least forty-eight (48) hours' prior notice to

Programmer in advance of any maintenance work affecting the operation of the

Station, and such work shall be scheduled by Licensee to be performed at such

hours and on such terms as to minimize interruption of broadcast of the

Programming on the Station. If the Station suffers any loss or damage to its

facilities which results in interruption of the ability to broadcast the

Programming at the maximum authorized power for the Station, Licensee shall

notify Programmer as soon as reasonably possible, and immediately undertake such

repairs as are necessary to restore full-time operation of the Station at its

maximum authorized power level. Throughout the Term, Licensee shall also, with

respect to the Station:

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