In this letter, a new semi-blind approach incorporating the bounded nature of communication sources with the distance between the equalizer outputs and the training sequence is proposed. By utilizing the sparsity property of l₁-norm cost function, the proposed algorithm can outperform the semi-blind method based on higher-order statistics (HOS) criterion especially for transmitting sources with non-constant modulus. Experimental results demonstrate that the proposed method shows superior performance over the HOS based semi-blind method and the classical training-based method for QPSK and 16QAM sources equalization. While for 64QAM signal inputs, the proposed algorithm exhibits its superiority in low signal-to-noise-ratio (SNR) conditions compared with the training-based method.