Exhibit
      4.7





**AMENDMENT
      AGREEMENT** to the
      Simple Credit Agreement dated as of May 16, 2006 (the " Agreement "),
      by
      and among Grupo Radio Centro, S.A. de C.V. and GE Capital CEF Mexico, S. de
      R.L.
      de C.V., and Banco Imbursa, S.A., Institución de Banca Multiple, Grupo
      Financiero Inbursa, in accordance with the following antecedents, declarations
      and clauses:




**ANTECEDENTES**




**SOLE
      ARTICLE.** On
      May
      16, 2006, Grupo Radio Centro, S.A. de C.V. (the " Borrower "),
      GE
      Capital CEF Mexico, S. de R.L. de C.V. and Banco Inbursa, S.A., Institución de
      Banca Multiple, Grupo Financiero Inbursa (the " Creditors "),
      executed a Simple Credit Agreement (the " Credit
      Agreement ")
      by
      virtue of which, among other agreements, the Creditors are obliged to make
      available to the Borrower the equivalent in Pesos, Mexican Currency, of the
      amount of $ 21,000,000.00 dollars, amount the Borrower is to make use of in
      no
      more than two draw-downs that are to be made no later than May 16,
      2008.




The
      terms
      appearing with the first letter capitalized that are not defined in this
      Agreement, shall be defined in the Credit Agreement.




**DECLARATIONS**




I.  The
      parties to this Agreement, through their legal representatives, declare
      that:




(a)
            They
                reciprocally recognize and accept the capacity with which they execute
                this Agreement as well as the scope of the authorities and powers
                of their
                representatives.  (b)
            The Credit Agreement is effective as of the date
              of the
              this Agreement





(c)
            It
                is in their interests to execute this Agreement for the purpose of
                amending certain terms and conditions set forth in the Credit
                Agreement.




Based
      on
      the Antecedents and Declarations aforementioned, the parties are obliged in
      accordance with the following:




**CLAUSES**




**ONE.** **Amendments** **.**




**1.1** The
      parties agree to amend the first paragraph of the second clause regarding the
      credit made available to the Borrower, with regards to the deadline to draw-down
      said credit to prolong this for one term of 30 days and be written as indicated
      next:




*"SECOND.-
      DRAW-DOWN.- ... and (ii) the Draw-downs shall occur no later than June 16,
      2008..."*




**SECOND.** **Term.
      No Novation** **.** The
      parties agree that the Credit Agreement, as it has been amended specifically
      by
      this Agreement, remains in full force and effect. All the provisions established
      in the Credit Agreement that have not been expressly amended through the
      execution of this Agreement shall remain in full force.




[4
      sets
      of initials]


[stamp:]
      LEGAL, INBURSA [initials]







The
      parties of this Agreement acknowledge and agree that the amendment described
      herein does not constitute a novation of the obligations contained in the Credit
      Agreement.




**TERCERA.** **Headings** **.** The
      headings that are used in this Agreement are only to facilitate reference
      thereto and are not to be used to interpret any provision of this
      agreement.




**CUARTA.** **Governing
      Law and Jurisdiction** **.** The
      parties agree that the laws of Mexico will govern for the interpretation and
      compliance of this Agreement, and irrevocably submit to the competent courts
      of
      jurisdiction of Mexico City, Federal District, to know of any controversy that
      may arise with respect to the interpretation or execution of this Agreement,
      for
      which purpose the parties waive any other present of future address that may
      correspond to them for any other reason.




**IN
      WITNESS WHEREOF,** the
      parties execute this Agreement on May 15, 2008, in Mexico City, Federal
      District.




**THE
      BORROWER**




Grupo
      Radio Centro, S.A. de C.V.




/s/
                María Esther Aguirre Gómez
            
            /s/
                Ana María Aguirre GómezBy:
                María Esther Aguirre Gómez
              Position:
                Legal Representative
            
            By:
                Ana María Aguirre Gómez
              Position:
                Legal Representative/s/
                María Adriana Aguirre Gómez
            
            /s/
                Carlos de Jesús Aguirre GómezBy:
                María Adriana Aguirre Gómez
              Position:
                Legal Representative
            
            By:
                Carlos de Jesús Aguirre Gómez
              Position:
                Legal Representative







**THE
      CREDITORS**




/s/ Ricardo Garza Autrey
            
            /s/
                Guillermo René Caballero PadillaBy:
                Ricardo Garza Autrey
              Position:
                Legal Representative
              GE
                Capital CEF México, S. de R.L. de C.V.
            
            By:
                Guillermo René Caballero Padilla
              Position:
                Legal Representative
              Banco
                Inbursa, S.A., Institución de Banca
              Múltiple,
                Grupo Financiero Inbursa

















[4
      sets
      of initials]


[stamp:]
      LEGAL, INBURSA [initials]









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