Both AM and full-service radio are over. First, I will address AM: yes, there are a handful of AMs such as WHP who manage to hold on, those who have not thrown in the towel and who have good signals. However, their demos are falling off the map and once you mess with one of these heritage stations, it's toast. There's no fixing it once it's screwed up. Plus, the under 50 demo has never been a consumer of AM radio. Most of their lives have been lived with CDs, The Internet and Ipods. FM has always been their "standard" broadcast band.They would never consider the poor audio of AM! Hence, the recent rush for FM translators. If there is any hope for AM at all, it is with the 60+ demo. And we all know their perceived value with advertisers. Bringing AM back would be like returning to black & white TV. Show over!
Secondly, full-service radio. It is a throwback to a less competitive time, when there was no Internet or satellite radio and far fewer radio frequencies. Now you can create your own personalized mix of music, news, talk and sports, while listening at your leisure. Yes, you can site the "local content" that full-service radio used to provide. You must ask what "local content" do most care about? I believe it is simply weather, traffic and couple of the big headlines. Only 80 year-olds with way too much time care about the local sewer bond issue or school board races (yawn). Face it, those under 50 really don't "live locally". Their reality is the web and their "local" is created on Facebook and other social media. Not to mention, full-service radio just isn't affordable, even if it were to be successful. If you are truly being honest with yourself, missing full-service radio is pure nostalgia....like the milk box on the porch and newspaper on the doorstep!.