Welcome to reality. Reading posts here, AM died many years ago but these stations never got the message. AM radio is not doing well. Some heritage stations are cash cows. Many more are leased or sell time to anybody with the cash. Quite a few barely keep their heads above the water (or proverbial red ink). Many are supported by group owners that can sustain the loss over many stations (if your FM is going $8 million and your AM is losing 5k a month, it's easy to prop up the AM). It is those AMs that are so disadvantaged and haven't a source of income outside the station that are failing. Needless to say the FM translators helped more than we want to admit. And in many small markets things are just fine. So, in short, radio isn't quite as bad off as many posters tend to think. I say that with some authority as I just got a couple of annuals this past week from new advertisers at the AM with FM translator I sell advertising for.