Stockholders' Equity

12 Months Ended

Dec. 31, 2011

Stockholders' Equity

10. STOCKHOLDERS' EQUITY

The Second Amended and Restated Certificate of Incorporation of the Company authorizes both common and preferred stock.

Common Stock

The Company's common stock has three classes, identified as A, B and U. The Class A common stock and Class B common stock have similar rights and privileges, except that the Class B common stock is entitled to ten votes per share as compared to one vote per share for the Class A common stock. Each share of Class B common stock is convertible at the holder's option into one fully paid and nonassessable share of Class A common stock and is required to be converted into one share of Class A common stock upon the occurrence of certain events as defined in the Second Amended and Restated Certificate of Incorporation.

The Class U common stock, which is held by Univision, has limited voting rights and does not include the right to elect directors. Each share of Class U common stock is automatically convertible into one share of the Company's Class A common stock (subject to adjustment for stock splits, dividends or combinations) in connection with any transfer to a third party that is not an affiliate of Univision.

During the year ended December 31, 2011, the Company paid a cash dividend of $0.06 per share, or $5.1 million, on all shares of Class A, Class B, and Class U common stock.

Treasury Stock

On November 1, 2006, the Company's Board of Directors approved a $100 million stock repurchase program. The Company was authorized to repurchase up to $100 million of its outstanding Class A common stock from time to time in open market transactions at prevailing market prices, block trades and private repurchases. On April 7, 2008, the Company's Board of Directors approved an additional $100 million stock repurchase program. The Company has repurchased a total of 20.8 million shares of Class A common stock for approximately $120.3 million under both plans from inception through December 31, 2011. We did not repurchase any shares of Class A common stock during 2010 or 2011. Subject to certain exceptions, both the Indenture and the Credit Agreement contain various provisions that limit the Company's ability to make future repurchases of shares of the Company's common stock.

Entravision Holdings, LLC [Member]

Stockholders' Equity

6. MEMBER'S EQUITY

Under the Third Amended and Restated Operating Agreement of the Company entered into as of August 3, 2000, ECC is the sole member of the Company and owns 100% of the Company's issued and outstanding membership interests.