EXECUTIVE EMPLOYMENT AGREEMENT

Exhibit 10.15

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (the “Agreement”) is entered into effective as of December 1, 2005 (the “Effective Date”) by and between Entravision Communications Corporation, a Delaware corporation (the “Company”), and John F. DeLorenzo (“Executive”).

1. Employment.

a. Executive shall serve as the Company’s Executive Vice President and Chief Financial Officer (“CFO”) during the term of this Agreement. Executive will perform such duties as are customarily performed by CFOs of like organizations, including the duties as may reasonably be assigned from time to time by the Company’s Chief Executive Officer (“CEO”) that are consistent with such title and position. Executive shall report directly to the CEO. In performing his duties, Executive will abide by all applicable federal, state, and local laws, as well as the Company’s bylaws, rules, regulations and policies, as may be amended from time to time.

b. Executive shall devote his entire productive time, ability and attention to the Company’s business during the term of this Agreement. Executive shall not engage in any other business duties or pursuits whatsoever, or directly or indirectly render any services of a business, commercial or professional nature to any other person or organization, whether for compensation or otherwise, without the prior written consent of the CEO. The foregoing shall not preclude Executive from engaging in appropriate civic, charitable or religious activities or from devoting a reasonable amount of time to passive private investments or from serving on the boards of directors of other entities (provided that any director position shall require the prior written consent of the CEO), as long as such activities and/or services do not interfere or conflict with his responsibilities to the Company, and any provision of this Agreement.. Executive shall not directly or indirectly acquire, hold or retain any interest in any business competing with or similar in nature to the business of the Company, or which in any other way creates a conflict of interest, except for up to one percent (1%) ownership interests in public companies. During the term of this Agreement, Executive shall not in any way engage or participate in any business that is in competition with the Company.

2. Term. Beginning on the Effective Date, the Company agrees to employ Executive and Executive accepts employment with the Company until December 31, 2008, or until such time that Executive’s employment is terminated in accordance with the terms of this Agreement.

3. Salary and Benefits.

a. Salary. Executive will receive an annual base salary of Four Hundred Eight Thousand Eight Hundred Seven Dollars ($408,807), payable in equal installments according to the Company’s regular paydays, less any applicable taxes and withholding (the “Base Annual Compensation”). The Base Annual Compensation may be increased, in the discretion of the Company’s Compensation Committee, on the first and second anniversaries of the Effective Date of this Agreement. The increase, if any, to the Base Annual Compensation made on the first and/or second anniversaries of the Effective Date of this Agreement shall be made with reference to the increase in base compensation given, in the same time period, to the Company’s employees generally.

b. Discretionary Bonus. Executive is eligible for a discretionary annual bonus of up to fifty percent (50%) of his then-applicable Base Annual Compensation, subject to the approval of the Company’s Compensation Committee.

c. Benefit Coverage. Executive is entitled to participate in all executive benefit programs and plans established by the Company from time to time for the benefit of its executives generally and for which Executive is eligible.

d. Vacation and Holidays. Executive is entitled to paid vacation time in accordance with the vacation policies established by the Company for its employees, as may be amended from time to time. Executive will also be entitled to the paid holidays as set forth in the Company’s policies.

e. Car Allowance. Executive will receive Six Hundred Dollars ($600) per month as a car allowance.

f. Stock Options. Executive is eligible for grants of stock options under the Entravision Communications Corporation 2004 Equity Incentive Plan.

g. Miscellaneous. The Company will indemnify Executive consistent with the Company’s other executive officers and its legal obligations under California Labor Code Section 2802.

4. Termination of Employment.

a. The Company or Executive may terminate this Agreement and Executive’s employment at any time, with or without Cause (as defined below).

b. In the event Executive is terminated for “Cause,” Executive shall not be entitled to any severance compensation or any other compensation from the Company except for such salary and benefits as Executive may have earned prior to Executive’s termination. If terminated for “Cause,” Executive shall be ineligible for any bonus, prorated or otherwise. For purposes of this Agreement, the Company may terminate this Agreement for “Cause” for any of the following reasons:

(i) Executive’s continued failure to substantially perform his job duties and responsibilities, provided that written notice is provided by the Company and the performance problem is not satisfactorily cured within sixty (60) days.

(ii) Executive’s serious misconduct, dishonesty or disloyalty, which is actually or potentially harmful to the Company.

(iii) Executive’s willful, reckless or grossly negligent act or omission that is materially harmful to the Company.

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(iv) Executive’s material breach of any provision of this Agreement, provided written notice of such breach is given by the Company and Executive is given at least thirty (30) days to cure the breach.

c. Should the Company terminate Executive’s employment without Cause, or should Executive voluntarily terminate his employment for Good Reason (as defined below), in addition to (i) salary and be