50 percent of all AM/FM stations will cease operations by 2024, according to Gordon Borrell, a radio analyst, who told Rain News that this “was one of the toughest predictions to make.”
Borrell, who says he’s been analyzing radio for over a decade, explains how some radio stations will remain alive. “There could be some economics in play that will allow some of these stations to continue to broadcast,” he says. “A tiny AM station affiliated with a church could stay in business. It doesn’t take much money to run a station like that.”
Borrell says the radio industry will likely change thanks to the advent of car dashboard options. The same happened when radio shifted its focus when television’s mainstream emergence took much its primetime audience.
There are other means of sending out audio — you won’t need an FCC license.
Rough news if you can’t live without your radio, LL Cool J.