Exhibit 10.2

AMENDMENT

TO

MASTER NETWORK AFFILIATION AGREEMENT

This Amendment to Master Network Affiliation Agreement (this “Amendment”) is
effective as of October 1, 2011 by and between Entravision Communications
Corporation (“Entravision”) and TeleFutura (“Univision”). Each of Univision and
Entravision may be referred to under this Amendment as a “Party” or, together,
as the “Parties.”

WHEREAS, the Parties have entered into the Master Network Affiliation Agreement
dated as of March 17, 2004 by and between Entravision and TeleFutura (the
“Affiliation Agreement”).

WHEREAS, the parties desire to keep the Affiliation Agreement in full force and
effect, except as expressly amended as set forth herein.

NOW, THEREFORE, in consideration of the premises and agreements contained herein
and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties, intending to be legally bound, agree
as follows:

1. The Affiliation Agreement is hereby amended as follows:

1.1. Sections 8 (Preamble), 8(a) and 8(e) of the Affiliation Agreement are
hereby restated in their entirety to read as follows:

“ 8. Compensation. Subject to all other relevant provisions of this Agreement,
as consideration for TELEFUTURA’s services as national and regional sales
representative for AFFILIATE, AFFILIATE shall pay to TELEFUTURA 9.4% of all Net
Sales of each Station.”

“(a) If AFFILIATE packages a Sale on a Station together with any other Sale(s)
(including, but not limited to, a sale on other media such as radio, print or
television station that is not a Station), the 9.4% fee set forth in this
Section 8 will be payable on the amount of Net Sales on Stations included in
such package; provided, however, that such Sales will be priced at no less than
the Average Unit Rate for similar Sales.”

“(e) The amounts payable from AFFILIATE to TELEFUTURA, pursuant to this
Section 8, shall be paid monthly no later than the fifteenth (15th) of each
month for all Sales made during the previous broadcast month. Payments from
AFFILIATE to TELEFUTURA shall be accompanied by an Excel spreadsheet (or other
mutually acceptable accounting format) setting forth all Sales on AFFILIATE’s
Stations from all sources, and for each Sale stating (i) the name of the
advertiser, (ii) the Station(s) on which the Sale was made, (iii) the dollar
amount of the Sale before agency commission, (iv) the amount of agency
commissions due thereon, and (v) the amount of Net Sales and the amount due to
TELEFUTURA pursuant to this Section 8.”

 

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1.2. Section 1 of the Affiliation Agreement is hereby amended by adding the
following definitions of “Net Sales” and “Average Unit Rate” thereto, and
replacing the definition of “Sale” therein as follows:

“Sale” means a sale (billed or billable) of advertising of any nature for
broadcast on one of AFFILIATE’s Stations, and not for broadcast on the
TELEFUTURA Network generally, including but not limited to time sales of
advertising, product placements or integration, and in-program sponsorships, and
including Sales provided in exchange for barter. For clarity, the term “Sale”
does not include advertising that AFFILIATE is obligated to provide to
multichannel video programming distributors under retransmission consent
agreements that Univision negotiated on AFFILIATE’s behalf under the
Retransmission Rights Agreement dated as of August 6, 2008 (“the Proxy
Agreement”), or, after termination of the Proxy Agreement, under retransmission
consent agreements entered into under a subsequent agreement between Univision
and AFFILIATE.

“Net Sales” means all Sales net only of agency commission. If a Sale includes a
barter transaction, the barter will be valued at 100% of the fair value of the
goods or services received by AFFILIATE in consideration for the advertising
provided in accordance with Generally Accepted Accounting Principles (GAAP). In
the event that a Sale, or portion thereof, on which a fee was paid by AFFILIATE
to TELEFUTURA pursuant to Section 8 is subsequently written off as uncollectible
or the amount of such Sale is subsequently adjusted, in either case in
accordance with GAAP, the amount of such Sale that is written off or adjusted
shall be deducted from Net Sales during the month such Sale is written off or
adjusted, and the fee previously paid pursuant to Section 8 on the amount
written off or adjusted shall be deducted from the fees owed pursuant to
Section 8 during the month such Sale is written off or adjusted; provided,
however, that the aggregate amount of deductions from Net Sales due to Sales
that are written off as uncollectible shall not exceed 1.4% of Net Sales in each
calendar year. If any portion of a Sale that was written off or adjusted is
subsequently collected, the amount collected will be added to Net Sales for the
month in which it was collected.

“Average Unit Rate” means the average of rates, in 30-second equivalents or
other standard units, that were sold on a Station for a given day part in a
given month, excluding the effects of sales orders related to direct response,
barter, retransmission, under delivery weight, cross promotion between divisions
and public service announcements.

1.3. Section 17 of the Affiliation Agreement is hereby amended and restated its
entirety as follows:

“ 17. Exclusive Representation. AFFILIATE and TELEFUTURA agree that TELEFUTURA
shall be the exclusive representative of AFFILIATE for Sales to national and
regional advertisers throughout the United States and the world. AFFILIATE
agrees to refer requests by any potential national and regional advertiser to
TELEFUTURA, which shall be responsible for servicing such accounts.
Notwithstanding the foregoing, AFFILIATE and TELEFUTURA acknowledge that certain
national and regional advertisers may be serviced by AFFILIATE, and AFFILIATE
and TELEFUTURA will work together in good faith to coordinate servicing efforts
on such accounts. TELEFUTURA, in its role of exclusive sales representative for
AFFILIATE for national and regional advertisers, shall have no obligation to
market, sell, or administer the sale of any commercial announcement,
infomercial, program, or other product which would conflict with any TELEFUTURA
Network Programming or commercial announcement scheduled by TELEFUTURA for
broadcast over the Stations.”

2. All terms and conditions of the Affiliation Agreement shall remain in full
force and

 

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effect except as expressly modified by this Amendment and except that all
references in the Affiliation Agreement to “Agreement” or words of like import
referring to the Affiliation Agreement shall mean the Affiliation Agreement as
amended by this Amendment.

3. Any and all defined terms which are not explicitly defined herein shall have
the meaning ascribed to them in the Affiliation Agreement.

4. This Amendment may be signed in counterpart originals and exchanged by
facsimile or other electronic transmission, which collectively shall have the
same legal effect as if all signatures had appeared in original handwriting on
the same physical document.

[signatures on following page]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.

 

ENTRAVISION COMMUNICATIONS CORPORATION

By:  

/s/ Walter F. Ulloa

Name:   Walter F. Ulloa Title:   Chairman and Chief Executive Officer TELEFUTURA

By:  

/s/ Peter H. Lori

Name:   Peter H. Lori Title:   EVP, Controller & Chief Accounting Officer

[Signature Page to Amendment to Master Network Affiliation Agreement]