Be glad? As the fragmentation continues, no one will make any money. The advertiser pie will be spread into smaller and smaller slices. I don't keep in touch with a lot of old radio guys, but those I know who still do it are making similar money to what I made in 1985. I question if they do it for love or stupidity, but it's their personal choice. So forgive me if I complain too much about what once was. If you can't make a living, it's no longer a viable business. I quit the buggy whip factory decades ago to move on to a viable industry, and as I retired on my corporate welfare pension, I'm glad that I did. I don't miss working on the radio at all, although I do miss it being entertaining by it. Or maybe I'm wrong and radio is still wonderful but I just have lost any interest in current pop culture. Or maybe I don't understand the newspeak that drips out of the podcasts. I've realized, it's not you---it's me. Sorry radio.
Reality is reality. If you worked in the industry for 20-30 years, as you said you did, and care at all about radio (enough to post here about it), you should be glad that when you switch on the radio you're not just hearing hiss, RFI, and static. It's just basic appreciation that the industry that we worked in and still love still exists, despite its flaws.
None of us who worked in the industry (I put in 20 years) can ever change what's going on. I also don't think anyone in the industry today can change the trend of younger demos and other listeners migrating to online streams. It's because of tech advances (the smartphone) and demographic tastes.
Tech is changing every field of information and communication. 35 years ago, you and I talking like this would be relegated to a computer BBS, and they don't exist anymore. There used to be three or four local newspapers in my region, the remaining ones are struggling, and the online ones are maybe one person operations. It's sad, in a way, but it's progress. We can't change it. It sounds like you understand that, though, just as the rest of us here do.
I have nothing against your complaining, personally. I even said, upthread, that you made some valid points. But at the same time, we all need to accept the reality.
And of course, in my view, one of the realities that Radio needs to accept is that some of its old, tried and true, accepted-by-everyone business practices (flipping formats every six months, firing popular airstaff abruptly without warning and leaving listeners in the lurch, 4 stations with several different flavors of the same 2 formats etc.) need to change if Radio wants to survive in the online world, because -- as you yourself point out -- fragmentation is a thing, and with the Internet, there is infinite competition for your content. Listeners like stuff to be interesting, but they don't like it when the content provider pulls the plug on them. They'll go elsewhere. And there are plenty of places elsewhere for them to go.
And the elephant in the room that hasn't been mentioned in this thread yet is the driver of the business side of these changes: the Advertising industry. It's the Advertising industry that says 'if you're 50, take a hike!', leaving a
lot of radio-friendly, loyal radio listeners in the lurch. The Advertising industry has also been going through some flat revenue issues and consolidation over the past couple decades, and they're dealing with changes in tech, and adapting to the internet, including the use of apps on your phone to slam you with unwanted ads. They're shooting themselves in the foot in a different way, but that's not
Radio, so I'll just leave it there.