Exhibit 10.13

THIRD CONFIRMATION OF SUBORDINATION AGREEMENTS

THIS THIRD CONFIRMATION OF SUBORDINATION AGREEMENTS dated as of May 8, 2006
(this “Confirmation”), is made by ALTA COMMUNICATIONS VIII, L.P., a Delaware
limited partnership, ALTA-COMM VIII S BY S, LLC, a Delaware limited liability
company, ALTA COMMUNICATIONS VIII-B, L.P., a Delaware limited partnership, ALTA
VIII ASSOCIATES, LLC, a Delaware limited liability company, CALIFORNIA STATE
TEACHERS’ RETIREMENT SYSTEM, a component unit of the State of California
organized under the California Education Code, BANCBOSTON INVESTMENTS, INC., a
Massachusetts corporation, and UNIONBANCAL EQUITIES, INC., a California
corporation (collectively, the “Subordinated Creditors”) and LBI HOLDINGS I,
INC. (“Holdings”), with and in favor of CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as
Administrative Agent (the “Revolving Credit Administrative Agent”) for itself
and for the lenders (the “Revolving Credit Lenders”) from time to time party to
that certain Amended and Restated Credit Agreement referred to below, CREDIT
SUISSE, CAYMAN ISLANDS BRANCH, as Administrative Agent (the “Term Loan
Administrative Agent” and, together with the Revolving Credit Administrative
Agent, the “Administrative Agents”) for itself and for the lenders (the “Term
Loan Lenders” and, together with the Revolving Credit Lenders, the “Senior
Lenders”) from time to time party to that certain Amended and Restated Term Loan
Agreement referred to below and CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as
Collateral Agent for the Senior Lenders (the “Collateral Agent”).

WHEREAS, LBI Media, Inc. (the “Borrower”) is a party to the Amended and Restated
Credit Agreement dated as of June 11, 2004 (as heretofore amended, restated,
supplemented or otherwise modified, the “Existing Credit Agreement”) among the
Borrower, the guarantors from time to time party thereto (the “Guarantors”, and
collectively with the Borrower, the “Credit Parties”), the lenders from time to
time party thereto, and Credit Suisse, Cayman Islands Branch (f/k/a Credit
Suisse First Boston, Cayman Islands Branch), as Administrative Agent (the
“Existing Administrative Agent”);

WHEREAS, in connection with the Existing Credit Agreement, the Subordinated
Creditors executed and delivered to the Existing Administrative Agent a Second
Confirmation of Subordination Agreements confirming their obligations under
(A) that certain Investor Subordination Agreement dated as of March 20, 2001, as
amended and confirmed by that certain Amendment and Confirmation of
Subordination Agreements dated as of July 9, 2002 and as further amended and
confirmed by the Second Confirmation of Subordination Agreements dated as of
June 11, 2004 (the “Investor Subordination Agreement”), and (B) that certain
Subordination and Intercreditor Agreement dated as of March 20, 2001, as amended
by the Holdings Amendment, as amended and confirmed by that certain Amendment
and Confirmation of Subordination Agreements dated as of July 9, 2002, as
amended by the Holdings Second Amendment, as further amended and confirmed by
the Second Confirmation of Subordination Agreements dated as of June 11, 2004,
and as further amended by the Holdings Third Amendment (the “Intercreditor
Agreement”);

WHEREAS, the parties to the Existing Credit Agreement have agreed to amend and
restate the terms and conditions contained in the Existing Credit Agreement in
their entirety, pursuant to the Amended and Restated Credit Agreement dated as
of the date hereof (as

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amended, restated, supplemented or otherwise modified from time to time, the
“Amended and Restated Credit Agreement”) among the Borrower, the guarantors
party thereto, the Lenders, certain other parties, and the Revolving Credit
Administrative Agent;

WHEREAS, the parties to the Existing Credit Agreement have agreed to convert a
portion of the obligations of the Credit Parties under the Existing Credit
Agreement to Term Loans (as defined in the Amended and Restated Term Loan
Agreement) pursuant to the Amended and Restated Term Loan Agreement dated as of
the date hereof (as amended, restated, supplemented or otherwise modified from
time to time, the “Amended and Restated Term Loan Agreement” and, together with
the Amended and Restated Credit Agreement, the “Senior Credit Agreements”);

WHEREAS, it is a condition to the availability of credit under the Senior Credit
Agreements that the Subordinated Creditors shall have executed and delivered to
the Administrative Agents this Confirmation and confirmed the subordination of
the indebtedness and other obligations of the Credit Parties (as such term is
defined in the Senior Credit Agreements) to the Subordinated Creditors;

NOW THEREFORE, in consideration of the willingness of the Administrative Agents
and the Senior Lenders to enter into the Senior Credit Agreements and of the
Senior Lenders to agree, subject to the terms and conditions set forth therein,
to make the Senior Loans and issue Letters of Credit pursuant thereto, and for
other good and valuable consideration, receipt of which is hereby acknowledged,
it is hereby agreed, with the intent to be legally bound, as follows:

1. Amendments.

(a) The Investor Subordination Agreement and the Intercreditor Agreement are
each hereby amended by providing that:

(i) Subject to clause (b)(i) below, all references therein to the
“Administrative Agent” shall be deemed to be references to each Administrative
Agent.

(ii) All references therein to the “Credit Agreement” shall be deemed to be
references to each Senior Credit Agreement;

(iii) All references therein to the “Lenders” shall be deemed to be references
to the Senior Lenders;

(iv) All references therein to the “Loan Documents” shall be deemed to be
references to the Senior Facilities Documents;

(v) All references therein to the “Senior Creditors” shall be deemed to be
references to the Administrative Agents and the Senior Lenders; and

(vi) All references to a “Default” or an “Event of Default” shall be deemed to
be a reference to a “Default” or an “Event of Default”, respectively, under the

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Amended and Restated Credit Agreement or a “Default” or an “Event of Default”,
respectively, under the Amended and Restated Term Loan Agreement.

(b) Amendments to the Intercreditor Agreement.

(i) (A) The references to the Administrative Agent in Sections 1.2, 3.3(a)(other
than such reference to the Administrative Agent in the first sentence thereof
and the first reference to the Administrative Agent in the last sentence
thereof, which shall be deemed to be a reference to the Collateral Agent only)
and 3.3(b) shall be deemed to be references to each Administrative Agent and the
Collateral Agent, (B) the references to the Administrative Agent in Sections
3.3(d), 3.3(e), 8(a), 9, 10 and 11 shall be deemed to be references to the
Collateral Agent, and (C) the reference to the Administrative Agent in the first
sentence of Section 4 and the first reference to the Administrative Agent in the
last sentence of Section 4 shall be deemed to be a reference to the Collateral
Agent only.

(ii) Section 3.3(c) of the Intercreditor Agreement shall be amended and restated
in its entirety to read as follows:

“(c) Each Subordinated Creditor hereby irrevocably appoints, which appointment
is irrevocable and coupled with an interest, the Collateral Agent as such
Subordinated Creditor’s true and lawful attorney, with full power of
substitution, in the name of such Subordinated Creditor, the Revolving Credit
Agent, the Term Loan Agent, the Senior Lenders or otherwise, for the sole use
and benefit of the Collateral Agent, to the extent permitted by law, to prove
and vote all claims relating to the Subordinated Indebtedness (and, upon request
by any Subordinated Creditor, the Collateral Agent shall provide to such
Subordinated Creditor copies of all written materials filed with respect
thereto), and to enforce all such claims and to receive and collect on all
distributions and payments to which the Subordinated Creditor would otherwise be
entitled on any liquidation of any Company or any of its property or in any
proceedings affecting any Company or its property under any bankruptcy or
insolvency laws or any laws or proceedings relating to the relief of any
Company, readjustment, composition or extension of indebtedness of
Reorganization. The Subordinated Creditors agree hereafter to promptly execute
and deliver to the Collateral Agent all such further instruments confirming the
above authorization and such powers of attorney, proofs of claim, assignments of
claim and other instruments as may be requested by the Collateral Agent, on
behalf of the Senior Lenders, to enforce all claims upon or in respect of the
Subordinated Indebtedness.”

(iii) Section 3.6(c)(ii) of the Intercreditor Agreement shall be amended and
restated in its entirety to read as follows:

“(ii) with respect to any Event of Default caused by the failure by the Credit
Parties to comply with the provisions of Section 7.10 of the Revolving Credit
Agreement for any period of time, 60 days after the Revolving Credit Agent and
the Revolving Credit Lenders shall have received the financial statements and
Compliance Certificate required to be delivered in respect of such period then

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most recently ended pursuant to Section 6.1 of the Revolving Credit Agreement
and”

(iv) Section 6(a)(i) of the Intercreditor Agreement shall be amended and
restated in its entirety to read as follows:

“(i) Such Subordinated Creditor becoming aware of the occurrence of any “Event
of Default” under any of the Subordinated Agreements or any event which, upon
notice or lapse of time or both, would constitute such an “Event of Default”;”

(c) Amendments to the Investor Subordination Agreement.

(i) All references to the “Senior Creditors” in Sections 3, 4 (except for the
first reference to “Senior Creditors” therein) and 7 shall be deemed to be
references to the Collateral Agent.

2. Confirmation. Except to the extent specifically amended hereby and subject to
paragraph 3 below, the Investor Subordination Agreement and the Intercreditor
Agreement shall each remain in full force and effect and all of the terms and
provisions thereof are hereby ratified and confirmed in all respects. The
Subordinated Creditors hereby acknowledge and confirm, for the benefit of the
Administrative Agents, the Collateral Agent and the Senior Lenders and their
respective successors and assigns, that all Indebtedness of the Credit Parties
to the Administrative Agents, the Collateral Agent and the Senior Lenders under
the Senior Credit Agreements or any other Senior Facilities Documents, whether
relating to principal, interest (including, without limitation, interest that
accrues after the commencement of any bankruptcy proceeding by or against any
Credit Party or any of its subsidiaries and affiliates), premium and termination
fees, expenses or other amounts due from time to time under the Senior
Facilities Documents, shall constitute “Senior Indebtedness” under each of the
Investor Subordination Agreement and the Intercreditor Agreement.

3. Alta Repayment. Notwithstanding the terms of the Investor Subordination
Agreement or the Intercreditor Agreement to the contrary, on or within fifteen
months after the Qualifying IPO Closing Date, Holdings may make the Alta
Repayment and take any other actions contemplated thereby and the Subordinated
Creditors may accept such payment and take any other actions contemplated
thereby and such payment and acceptance of payment and such actions shall not be
a breach of the Investor Subordination Agreement or the Intercreditor Agreement.
On the Alta Repayment Date immediately after the Alta Repayment, subject to
Section 15 of the Intercreditor Agreement, each of the Investor Subordination
Agreement and the Intercreditor Agreement shall be deemed to be terminated;
provided that if at any time any amount received by the Subordinated Creditors
in respect of the Subordinated Indebtedness (as defined in each of the Investor
Subordination Agreement and the Intercreditor Agreement) is rescinded or must
otherwise be restored or returned by any Subordinated Creditor in respect of the
Subordinated Indebtedness upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of Holdings or any Credit Party or upon the
appointment of any intervenor or conservator of, or trustee or similar official
for, Holdings or any Credit Party or for any

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substantial part of their properties, then the Investor Subordination Agreement
and the Intercreditor Agreement shall be reinstated as though the Alta Repayment
had not been made.

4. Miscellaneous. Unless otherwise defined herein, all capitalized terms shall
have the meanings ascribed to them in the Amended and Restated Credit Agreement
and the Amended and Restated Term Loan Agreement. This Confirmation may be
executed in any number of counterparts, each of which, when delivered, shall be
an original, but all counterparts shall together constitute one instrument.
Signatures sent by facsimile or as an electronic copy shall constitute
originals. This Confirmation shall be governed by the laws of the State of New
York and shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns.

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IN WITNESS WHEREOF, the parties hereto have caused this Confirmation to be duly
executed as of the date first above written.

 

HOLDINGS I LBI HOLDINGS I, INC. a California corporation

/s/ Lenard D. Liberman

Lenard D. Liberman Executive Vice President and Secretary SUBORDINATED
CREDITORS: ALTA COMMUNICATIONS VIII, L.P. By:   Alta Communications VIII
Managers, LLC,   its General Partner By:  

/s/ Eileen McCarthy

Name:   Eileen McCarthy, Member ALTA-COMM VIII S BY S, LLC By:  

/s/ Eileen McCarthy

Name:   Eileen McCarthy, Member ALTA COMMUNICATIONS VIII-B, L.P. By:   Alta
Communications VIII Managers, LLC,   its General Partner By:  

/s/ Eileen McCarthy

Name:   Eileen McCarthy, Member ALTA VIII ASSOCIATES, LLC By:   Alta
Communications, Inc. By:  

/s/ Eileen McCarthy

Name:   Eileen McCarthy, VP Finance

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CALIFORNIA STATE TEACHERS’

RETIREMENT SYSTEM

By:  

/s/ Richard Rose

Name:   Richard Rose Title:   Portfolio Manager BANCBOSTON INVESTMENTS INC. By:
 

/s/ Mala D. Heymann

Name:   Mala D. Heymann Title:   Managing Director UNIONBANCAL EQUITIES, INC.
By:  

/s/ Jean-Pierre Knight

   

/s/ Kevin Sampson

Name:   Jean-Pierre Knight     Kevin Sampson Title:   Vice President     Senior
Vice President

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Acknowledged and agreed:

 

CREDIT SUISSE, CAYMAN ISLANDS BRANCH,

as Revolving Credit Administrative Agent

By:  

/s/ William O’Daly

Name:   William O’Daly Title:   Director By:  

/s/ Rianka Mohan

Name:   Rianka Mohan Title:   Associate

CREDIT SUISSE, CAYMAN ISLANDS BRANCH,

as Term Loan Administrative Agent

By:  

/s/ William O’Daly

Name:   William O’Daly Title:   Director By:  

/s/ Rianka Mohan

Name:   Rianka Mohan Title:   Associate

CREDIT SUISSE, CAYMAN ISLANDS BRANCH,

as Collateral Agent

By:  

/s/ William O’Daly

Name:   William O’Daly Title:   Director By:  

/s/ Rianka Mohan

Name:   Rianka Mohan Title:   Associate