No I didn’t know that.
But clearly there are changes with technology changing, internet, podcasts etc entering the mix .
Also I’ve heard younger people just don’t listen to AM stations, and their listening to FM music stations is well below listenership from years ago.
The radio business seems to be in a transition right now.
re: “The radio business seems to be in a transition right now.”
I made this ‘prediction’ years ago now, that regular ‘broadcast’ was doomed because of the proliferation of LTE/4G/5G/wireless broadband and the wider choice a listener audience has over the standard over-the-air broadcasts ... in fact, I do my own ‘broadcast’ via a low-power FM unit to a Sony Walkman and listen while doing outside yard work. Some of the Youtube talent I subscribe to is mainly ‘talk’ so it is an easy fit to listen-only versus listen/view.