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Exhibit 11

Hispanic Broadcasting Corporation and Subsidiaries

Statement Regarding Computation of Per Share Earnings

(in thousands except per share data)

		Year Ended December 31,
		2002		2001		2000		1999		1998
Earnings:
Income from continuing operations		$	40,213	$	30,969	$	41,531	$	34,176	$	26,884
Preferred stock dividends			—		—		—		—		—
Net income applicable to common stockholders		$	40,213	$	30,969	$	41,531	$	34,176	$	26,884
Earnings Per Share:
	Basic	$	0.37	$	0.28	$	0.38	$	0.34	$	0.27
	Diluted	$	0.37	$	0.28	$	0.38	$	0.33	$	0.27
Number of Shares On Which Net Income Per Share Is Based:
Weighted average common shares before dilutive effect of common stock equivalents			108,723		108,872		108,858		101,566		98,042
Common stock equivalents:
	Stock options		804		733		1,514		1,347		635
	Employee Stock Purchase Plan		16		12		16		14		18
Weighted average common shares			109,543		109,617		110,388		102,927		98,695

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Exhibit 11

Hispanic Broadcasting Corporation and Subsidiaries Statement Regarding Computation of Per Share Earnings (in thousands except per share data)