It's dead whether anyone thinks so or not, and it's not coming back. That's the bottom line. No future generation will come back to AM radio. Nothing is going to save it. It's over. I would explain this all again, but people who don't want to live in reality will find every way to avoid doing so.
If you're referring to my post, you misread what I said.
AM is not dead -- but is dying (like Avid mentioned) -- just like FM is already slowly dying. And when AM and FM go, like you have said, neither of them will be coming back.
Young people do not listen to AM, but they also do not listen to FM radio as much as the previous generations did. Many young people not use FM as a vehicle for listening to music, or discovering new music. They stream music from services like Pandora. Some of them may discover FM using a car radio. But there have been news articles showing that young people don't crave car ownership like previous generations did.
Also, a lot of what we are discussing here centers on where people live. I've read in many threads here on RD about how internet streaming won't replace OTA radio because it'll take years for the entire country to be covered with dependable cell service.
The problem is that they don't need to cover the country to effectively 'replace' OTA radio with internet streaming. They just need to cover the urban regions where 80-90 of Americans already live. And the urban regions are where most of the money is. If I'm wrong here, maybe someone can correct me. But the big markets -- and cities, where there is better cell coverage -- those areas are where most of the radio advertising revenue is.
The rural areas may still depend on FM for a while. And maybe some AM stations will survive. Like others have said, there are some AM stations still making money. And some AM stations are still surviving in parts of Europe. They even have longwave stations in Iceland and northern Norway because the DAB and FM stations don't reach the fishermen.
AM and FM will probably last longer in rural regions. But in urban areas, where most Americans live, radio will die out sooner.
I grew up with OTA radio and still love to listen to the AM band at night. I still listen to FM from time to time. But the technology that replaced AM music radio with FM is slowly replacing over the air radio with internet streams. I use TuneIn on occasions, mainly to hear overseas radio stations, and local radio in other parts of the US. The sound is excellent on my tablet through headphones. Very clean. So I see the appeal. And I can get TuneIn anywhere I can get a wi-fi connection.