<PAGE>   1

                                                                  EXHIBIT 4.3.16


================================================================================

                   CAPSTAR RADIO BROADCASTING PARTNERS, INC.,

                                   AS ISSUER,

                               THE PARTIES LISTED
                             ON THE SIGNATURE PAGES
                             HERETO AS GUARANTORS,
                                 AS GUARANTORS,

                                      AND

                 IBJ SCHRODER BANK & TRUST COMPANY, AS TRUSTEE


                        ------------------------------


                                AMENDMENT NO. 15

                          DATED AS OF JANUARY 29, 1998

                                     TO THE

                                   INDENTURE

                           DATED AS OF APRIL 21, 1995


                        ------------------------------


                                  $76,808,000

                   13 1/4% SENIOR SUBORDINATED NOTES DUE 2003

================================================================================

<PAGE>   2
         AMENDMENT NO. 15, dated as of January 29, 1998 ("Amendment No. 15"),
to the INDENTURE, dated as of April 21, 1995, as amended (the "Indenture"),
among CAPSTAR RADIO BROADCASTING PARTNERS, INC., a Delaware corporation, as
Issuer (the "Company"), the parties listed on the signature pages hereto as
Guarantors (each individually, a "Guarantor" and collectively, the
"Guarantors"), and IBJ SCHRODER BANK & TRUST COMPANY, a New York banking
corporation, as Trustee (the "Trustee").

         Each party agrees for the benefit of the other parties and for the
equal and ratable benefit of the Holders of the Company's 13 1/4% Senior
Subordinated Notes due 2003 (the "Notes") to amend, pursuant to Section 8.01(4)
of the Indenture, the Indenture as follows:

         1.      Patterson Broadcasting, Inc. ("Patterson") is a wholly-owned
direct subsidiary of the Company and the corporations listed on Exhibit A
attached hereto (together with Patterson, the "Corporations") are wholly-owned
indirect subsidiaries of the Company.  The Corporations are Restricted
Subsidiaries acquired or created pursuant to Section 4.14(iii) of the
Indenture.  The Corporations deliver herewith the Guarantee attached as Exhibit
B to this Amendment No.  15 pursuant to the provisions set forth in Sections
4.14 and 10.04 of the Indenture guaranteeing the obligations of the Company
under the Indenture.  For all purposes of the Indenture, each of the
Corporations shall be deemed parties to the Indenture by virtue of their
execution of this Amendment No. 15 and the defined term "Guarantor" contained
in Article 1.01 of the Indenture shall be deemed to include each of the
Corporations.

         2.      This Amendment No. 15 supplements the Indenture and shall be a
part and subject to all the terms thereof.  Except as supplemented hereby, the
Indenture and the Securities issued thereunder shall continue in full force and
effect.

         3.      This Amendment No. 15 may be executed in counterparts, each of
which shall be deemed an original, but all of which shall together constitute
one and the same instrument.

         4.      THIS AMENDMENT NO. 15 SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO
THE CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION).

         5.      The Trustee shall not be responsible for any recital herein as
such recitals shall be taken as statements of the Company, or the validity of
the execution by any Guarantor of this Amendment No. 15.  The Trustee makes no
representation as to the validity or sufficiency of this Amendment No. 15.


                                     -1-
<PAGE>   3
         IN WITNESS WHEREOF, the parties have caused this Amendment  No. 15 to
the Indenture to be duly executed and attested as of the date and year first
written above.


                             CAPSTAR RADIO BROADCASTING PARTNERS, INC.
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                     William S. Banowsky, Jr.
                                     Executive Vice President
                             
ATTEST:                      
                             
                             
/s/ KATHY ARCHER
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             GUARANTORS:

                             
                             AMERON BROADCASTING CORPORATION
                             ASHEVILLE BROADCASTING CORP.
                             ATLANTIC STAR COMMUNICATIONS, INC.
                             ATLANTIC CITY BROADCASTING CORP.
                             BATON ROUGE BROADCASTING COMPANY, INC.
                             BC FUNDS HOLDINGS CO., INC.
                             BEATRICE BROADCASTING CORP.
                             BENCHMARK COMMUNICATIONS HOLDINGS, INC.
                             BREADBASKET BROADCASTING CORPORATION
                             CAPSTAR ACQUISITION COMPANY, INC.
                             CENTRAL STAR COMMUNICATIONS, INC.
                             COMMODORE MEDIA OF KENTUCKY, INC.
                             COMMODORE MEDIA OF NORWALK, INC.
                             COMMODORE MEDIA FLORIDA, INC.
                             COMMODORE MEDIA OF WESTCHESTER, INC.
                             COMMODORE MEDIA OF PENNSYLVANIA, INC.
                             COMMODORE MEDIA OF DELAWARE, INC
                             CONGAREE BROADCASTERS, INC.
                             CORKSCREW BROADCASTING CORPORATION
                             COUNTRY HEARTLINES, INC.
                             CURREY BROADCASTING CORPORATION
                             DANBURY BROADCASTING, INC
                             DAYTONA BEACH BROADCASTING CORP.
                             DIXIE BROADCASTING, INC.
                             GCBR, INC.
                             GREAT AMERICAN EAST, INC.
                             GULFSTAR COMMUNICATIONS WACO LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS CORPUS CHRISTI
                                     LICENSEE, INC.

<PAGE>   4

                             GULFSTAR COMMUNICATIONS PORT ARTHUR
                                     LICENSEE, INC.
                             GULFSTAR BEAUMONT BROADCASTING, INC.
                             GULFSTAR COMMUNICATIONS BEAUMONT LICENSEE,   INC.
                             GULFSTAR COMMUNICATIONS LUFKIN LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS VICTORIA LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS OKLAHOMA LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS OKLAHOMA, INC.
                             GULFSTAR COMMUNICATIONS LUBBOCK LICENSEE,  INC.
                             GULFSTAR COMMUNICATIONS TYLER LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS KILLEEN LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS, INC.
                             GULFSTAR COMMUNICATIONS HOLDINGS, INC.
                             GULFSTAR COMMUNICATIONS MANAGEMENT, INC.
                             GULFSTAR COMMUNICATIONS BEAUMONT, INC.
                             GULFSTAR COMMUNICATIONS LUFKIN, INC.
                             GULFSTAR COMMUNICATIONS PORT ARTHUR, INC.
                             GULFSTAR COMMUNICATIONS TEXARKANA, INC.
                             GULFSTAR COMMUNICATIONS TYLER, INC.
                             GULFSTAR COMMUNICATIONS VICTORIA, INC.
                             GULFSTAR COMMUNICATIONS BATON ROUGE, INC.
                             GULFSTAR COMMUNICATIONS NEW MEXICO LICENSEE,
                                     INC.
                             GULFSTAR COMMUNICATIONS CORPUS CHRISTI, INC.
                             GULFSTAR COMMUNICATIONS WACO, INC.
                             GULFSTAR COMMUNICATIONS ARKANSAS, INC.
                             GULFSTAR COMMUNICATIONS NEW MEXICO, INC.
                             GULFSTAR COMMUNICATIONS KILLEEN, INC.
                             GULFSTAR COMMUNICATIONS LUBBOCK, INC.
                             GULFSTAR COMMUNICATIONS ARKANSAS LICENSEE, INC.
                             GULFSTAR COMMUNICATIONS TEXARKANA
                                     LICENSEE, INC.
                             HOUNDSTOOTH BROADCASTING CORPORATION
                             JAMBOREE IN THE HILLS, INC.
                             JUNE BROADCASTING, INC.
                             K-106, INC.
                             LADNER COMMUNICATIONS HOLDING CORP.
                             MOUNTAIN RADIO CORPORATION
                             NELSON BROADCASTING CORPORATION
                             O.C.C., INC.
                             ORANGE COMMUNICATIONS, INC.
                             OSBORN SOUND & COMMUNICATIONS CORP.
                             OSBORN ENTERTAINMENT ENTERPRISES CORPORATION
                             QUASS BROADCASTING COMPANY
                             PACIFIC STAR COMMUNICATIONS, INC.
                             RADIO WBHP, INC.
                             RADIOCO I, INC.
                             RADIOCO II, INC.
                             RAINBOW BROADCASTING CORPORATION

<PAGE>   5

                             RKZ TELEVISION, INC.
                             SHORT BROADCASTING CORPORATION
                             SNG HOLDINGS, INC.
                             SONANCE WACO LICENSE SUBSIDIARY, INC.
                             SONANCE WACO OPERATING COMPANY, INC.
                             SOUTHEAST RADIO HOLDING CORP.
                             SOUTHERN STAR COMMUNICATIONS, INC.
                             WAITE BROADCASTING CORP.
                             WNOK ACQUISITION COMPANY, INC.
                             YELLOW BRICK RADIO CORPORATION
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR. 
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST:                      
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          

<PAGE>   6

                             MOUNTAIN LAKES BROADCASTING, L.L.C.
                             
                             By:     Dixie Broadcasting, Inc.,
                                     its Member
                             
                             
                                     By: /s/ WILLIAM S. BANOWSKY, JR.
                                         -------------------------------------
                                         William S. Banowsky, Jr.
                                         Vice President
                             
ATTEST:                      
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             By:     Radio WBHP, Inc.,
                                     its Member
                             
                             
                                     By: /s/ WILLIAM S. BANOWSKY, JR.
                                         -------------------------------------
                                         William S. Banowsky, Jr.
                                         Vice President
ATTEST:                      
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             
                             WILMINGTON WJBR-FM, L.L.C.
                             
                             By:     Commodore Media of Delaware, Inc.,
                                     its Manager
                             
                             
                                     By: /s/ WILLIAM S. BANOWSKY, JR.
                                         -------------------------------------
                                         William S. Banowsky, Jr.
                                         Vice President
                             
ATTEST:                      
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          

<PAGE>   7

                             MUSIC HALL CLUB, INC.
                             
                             
                             By: /s/ LARRY ANDERSON
                                 -----------------------------
                                 Larry Anderson
                                 President


ATTEST:                      
                             
/s/ NANCY ANDERSON                            
---------------------------  
Nancy Anderson               
Secretary and Treasurer      

<PAGE>   8

<TABLE>                      
<S>                          <C>
                             BENCHMARK COMMUNICATIONS RADIO LIMITED
                                      PARTNERSHIP
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST                       
                             
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             
                             BENCHMARK JACKSON, L.L.C.
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its Member
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST                       
                             
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   9
<TABLE>
<S>                          <C>
                             BENCHMARK RADIO ACQUISITION FUND I LIMITED
                                     PARTNERSHIP
                             BENCHMARK RADIO ACQUISITION FUND IV LIMITED
                                     PARTNERSHIP
                             BENCHMARK RADIO ACQUISITION FUND VII LIMITED
                                     PARTNERSHIP
                             BENCHMARK RADIO ACQUISITION FUND VIII LIMITED
                                     PARTNERSHIP
                             BENCHMARK RADIO ACQUISITION FUND IX LIMITED
                                     PARTNERSHIP
                             BENCHMARK RADIO ACQUISITION FUND XI LIMITED
                                     PARTNERSHIP
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
</TABLE>                             

ATTEST                       
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          

<PAGE>   10

<TABLE>                      
<S>                          <C>
                             WDOV LICENSE LIMITED PARTNERSHIP
                             WDSD LICENSE LIMITED PARTNERSHIP
                             WSRV LICENSE LIMITED PARTNERSHIP
                             
                             By:     Benchmark Radio Acquisition Fund I Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 --------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             

ATTEST                       
                             

/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   11

<TABLE>                      
<S>                          <C>
                             BENCHMARK RADIO ACQUISITION FUND V LIMITED
                                      PARTNERSHIP
                             WOSC LICENSE LIMITED PARTNERSHIP
                             WKOC LICENSE LIMITED PARTNERSHIP
                             WWFG LICENSE LIMITED PARTNERSHIP
                             
                             By:     Benchmark Radio Acquisition Fund IV Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 -------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             

ATTEST                       
                             
                             
                             
/s/ KATHY ARCHER                            
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   12

<TABLE>                      
<S>                          <C>
                             WCOS (AM) LICENSE LIMITED PARTNERSHIP
                             WCOS-FM LICENSE LIMITED PARTNERSHIP
                             WHKZ LICENSE LIMITED PARTNERSHIP
                             WVOC LICENSE LIMITED PARTNERSHIP
                             
                             By:     Benchmark Radio Acquisition Fund V Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Radio Acquisition Fund IV Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST                       
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   13

<TABLE>                      
<S>                          <C>
                             WJMZ LICENSE LIMITED PARTNERSHIP
                             
                             By:     Benchmark Radio Acquisition Fund VII Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             

ATTEST                       
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             BENCHMARK GREENVILLE, L.L.C.
                             
                             By:     Benchmark Radio Acquisition Fund III Limited Partnership, its Manager
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 --------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST                       
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   14
<TABLE>                      
<S>                          <C>
                             WESC(AM) LICENSE LIMITED PARTNERSHIP
                             WESC-FM LICENSE LIMITED PARTNERSHIP
                             WFNQ LICENSE LIMITED PARTNERSHIP
                             
                             By:     Benchmark Greenville, L.L.C.,
                                     its General Partner
                             
                             By:     Benchmark Radio Acquisition Fund VII Limited Partnership,
                                     its Member
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 --------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
                             
ATTEST                       
                             
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   15
<TABLE>                      
<S>                          <C>
                             WUSQ LICENSE LIMITED PARTNERSHIP
                             WNTW LICENSE LIMITED PARTNERSHIP
                             WYYD LICENSE LIMITED PARTNERSHIP
                             WROV(AM) LICENSE LIMITED PARTNERSHIP
                             WROV-FM LICENSE LIMITED PARTNERSHIP

                             
                             By:     Benchmark Radio Acquisition Fund VIII Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 --------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
ATTEST:                      
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
                             
                             BENCHMARK RADIO ACQUISITION FUND VI, LC
                             
                             By:     Benchmark Radio Acquisition Fund VIII Limited Partnership, its Member
                             
                             By:     Benchmark Communications Radio Limited Partnership,
                                     its General Partner
                             
                             By:     Benchmark Communications Holdings, Inc.,
                                     its General Partner
                             
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 --------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
ATTEST:                      
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   16
<TABLE>                      
<S>                          <C>
                             
                             GCBR, L.P.
                             
                             By:     GulfStar Communications Baton Rouge, Inc., its General Partner
                             
                                     /s/ WILLIAM S. BANOWSKY, JR.
                             By:     -----------------------------------
                                     William S. Banowsky, Jr.
                                     Vice President
                             
ATTEST:                      
                             
                             
/s/ KATHY ARCHER                             
---------------------------  
Kathy Archer                 
Assistant Secretary          
</TABLE>                     
<PAGE>   17
<TABLE>                      
<S>                          <C>
                             JUNE BROADCASTING, INC.
                             PATTERSON ALLENTOWN BROADCASTING CORP.
                             PATTERSON ALLENTOWN LICENSEE CORP.
                             PATTERSON BATTLE CREEK BROADCASTING CORP.
                             PATTERSON BATTLE CREEK LICENSEE CORP.
                             PATTERSON BATTLE CREEK BROADCASTING, INC.
                             PATTERSON BROADCASTING, INC.
                             PATTERSON FRESNO BROADCASTING CORP.
                             PATTERSON FRESNO LICENSEE CORP.
                             PATTERSON GRAND RAPIDS BROADCASTING CORP.
                             PATTERSON GRAND RAPIDS LICENSEE CORP.
                             PATTERSON HARRISBURG LICENSEE CORP.
                             PATTERSON HONOLULU BROADCASTING CORP.
                             PATTERSON HONOLULU LICENSEE CORP.
                             PATTERSON PENSACOLA LICENSEE CORP.
                             PATTERSON RENO BROADCASTING CORP.
                             PATTERSON RENO LICENSEE CORP.
                             PATTERSON SAVANNAH BROADCASTING CORP.
                             PATTERSON SAVANNAH LICENSEE CORP.
                             PATTERSON SPRINGFIELD BROADCASTING CORP.
                             PATTERSON SPRINGFIELD LICENSEE CORP.
                             RADIO DINUBA COMPANY
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ----------------------------------------------
                                 William S. Banowsky, Jr.
                                 Vice President
</TABLE>                     
<PAGE>   18
<TABLE>                      
<S>                                  <C>
                                     IBJ SCHRODER BANK & TRUST COMPANY,
                                     as Trustee
                             
                             
                             
                                     By:
                                        --------------------------------------
                                     Name:
                                          ------------------------------------
                                     Title:
                                           -----------------------------------

ATTEST:



---------------------------  
Name:
     ----------------------  
Title:
      ---------------------  
</TABLE>
<PAGE>   19

                                   EXHIBIT A

June Broadcasting, Inc.
Patterson Allentown Broadcasting Corp.
Patterson Allentown Licensee Corp.
Patterson Battle Creek Broadcasting Corp.
Patterson Battle Creek Licensee Corp.
Patterson Fresno Broadcasting Corp.
Patterson Fresno Licensee Corp.
Patterson Grand Rapids Broadcasting Corp.
Patterson Grand Rapids Licensee Corp.
Patterson Harrisburg Licensee Corp.
Patterson Honolulu Broadcasting Corp.
Patterson Honolulu Licensee Corp.
Patterson Pensacola Licensee Corp.
Patterson Reno Broadcasting Corp.
Patterson Reno Licensee Corp.
Patterson Savannah Broadcasting Corp.
Patterson Savannah Licensee Corp.
Patterson Springfield Broadcasting Corp.
Patterson Springfield Licensee Corp.
Radio Dinuba Company
<PAGE>   20

                                   EXHIBIT B

                                   GUARANTEE

     The Guarantors (the "Guarantors," which term includes any successor Person
under the Indenture, dated  April 21, 1995, as amended, among Capstar Radio
Broadcasting Partners, Inc. and its subsidiaries and IBJ Schroder Bank & Trust
Company (the "Indenture")) have unconditionally guaranteed, on a senior
subordinated basis, to the extent set forth in the Indenture and subject to the
provisions of the Indenture, (a) the due and punctual payment of the principal
of and interest on the Notes, whether at maturity, by acceleration or
otherwise, the due and punctual payment of interest on overdue principal, and,
to the extent permitted by law, interest, and the due and punctual performance
of all other obligations of the Company to the Noteholders or the Trustee all
in accordance with the terms set forth in Article 10 of the Indenture, and (b)
in case of any extension of time of payment or renewal of any Notes or any of
such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at
stated maturity, by acceleration or otherwise.

     The obligations of the Guarantors to the Noteholders and to the Trustee
pursuant to this Guarantee and the Indenture are expressly set forth in Article
10 of the Indenture and reference is hereby made to the Indenture for the
precise terms of this Guarantee.  Terms used and not defined herein shall have
the meaning set forth in the Indenture.

<TABLE>
<S>                          <C>
                             GUARANTORS:
                             ---------- 
                             
                             JUNE BROADCASTING, INC.
                             PATTERSON ALLENTOWN BROADCASTING CORP.
                             PATTERSON ALLENTOWN LICENSEE CORP.
                             PATTERSON BATTLE CREEK BROADCASTING CORP.
                             PATTERSON BATTLE CREEK LICENSEE CORP.
                             PATTERSON BROADCASTING, INC.
                             PATTERSON FRESNO BROADCASTING CORP.
                             PATTERSON FRESNO LICENSEE CORP.
                             PATTERSON GRAND RAPIDS BROADCASTING CORP.
                             PATTERSON GRAND RAPIDS LICENSEE CORP.
                             PATTERSON HARRISBURG LICENSEE CORP.
                             PATTERSON HONOLULU BROADCASTING CORP.
                             PATTERSON HONOLULU LICENSEE CORP.
                             PATTERSON PENSACOLA LICENSEE CORP.
                             PATTERSON RENO BROADCASTING CORP.
                             PATTERSON RENO LICENSEE CORP.
                             PATTERSON SAVANNAH BROADCASTING CORP.
                             PATTERSON SAVANNAH LICENSEE CORP.
                             PATTERSON SPRINGFIELD BROADCASTING CORP.
                             PATTERSON SPRINGFIELD LICENSEE CORP.
                             RADIO DINUBA COMPANY
                             
                             
                             By: /s/ WILLIAM S. BANOWSKY, JR.
                                 ---------------------------------------------
                                     William S. Banowsky, Jr.
                                     Vice President
</TABLE>