Entravision Communications Corp (EVC)

[Boston of MIA]

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.

that's a total reduction of $355,738 a year!!!! I'm sure the Exec's are too happy about it, but I'm sure they understand it'll help get thru these rough times. Viewer and listening audience is up... the numbers will follow soon enough!!! IMO