An apparatus suited for correcting a variation in the time base of a reproduced signal in a video disc player comprises a frequency converter circuit for converting the frequency of the reproduced signal, a first time base compensating (APC) system including an automatic phase control loop for varying the frequency of the reproduced signal by controlling the phase of a converting signal supplied to the frequency converter circuit in dependence on a phase difference between the reproduced signal and a reference signal, and a second time base compensating system including a variable delay element controlled in dependence on a phase difference between the reproduced signal and the reference signal. Variation in the time base remaining uncorrected in the first compensating system is compensated by the second compensating system including the variable delay element.