Just to make a follow up:

I just found in 
http://lucasromerodb.blogspot.mx/2012/04/sin-salida-de-sonido-hdmi-en-ubuntu-ati.html
 something that works for this system:
1.Do
$ gksu gedit /etc/default/grub

2.find the line
GRUB_CMDLINE_LINUX_DEFAULT="quiet splash"

3. change to
GRUB_CMDLINE_LINUX_DEFAULT="quiet splash radeon.audio=1"

4. do
$ sudo update-grub

5. Reboot

In this system (lspci gives Audio device: Advanced Micro Devices [AMD]
nee ATI RS880 HDMI Audio [Radeon HD 4200 Series]), past versions of
Ubuntu worked just fine, so I was confident that a solution was
somewhere. However, this solution is not something that a complete
newbie could do.

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https://bugs.launchpad.net/bugs/989671

Title:
  [System Product Name, ATI RS690/780 HDMI, Digital Out, HDMI] No sound
  at all

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