FM Radio is at an all-time low...

Well, C, all good points. Radio in general has changed. AM now is full of mostly right wing blowhards, or is only for daylight service, sending out low class red neck music or community info. Short wave (International AM, and sometimes SSB signals), has lost well over half of the great, and not so great, stations/services. But as the solar sun spot cycle is still low, hard to fairly judge SW. Even the venerable Beeb, perhaps always the best radio overall, certainly for news, has cut back, and now is mostly available on Public FM. They still do broadcast to developing parts of the world, notably the Dark continent, which I can receive on short wave, but only because of my Ham station and skywave antenna. I've been a fan for over half a century, and continue to chat as a radio extra class amateur, but few younger folks are taking up the hobby. Yet, it's not all doom and gloom. FM does have some good left and right wing show hosts. And information shows, on world news, finance, health, etc. But it is becoming increasingly syndicated---read, ---the suits will dictate programing, more and more, based on business school thinking. Also, since the US FCC allowed low power FM, thousands of these great, creative stations are on the air, and sometimes, the music is varied and good. Ditto for university FM. Finally, with the internet radio service apps, we can stream FM from all over the world. I can listen to my university FM in little Freiburg Germany any time. Sure, much is typical ueber leftie college millenial zero life experience mindset radio,----but interesting music, or reasonable facsimilies of same. Little known fact----the human body is resonamt as an antenna on many FM frequencies.

V, please discuss the broadcast format and leave out the politics.

I own two Yaesu Ft-102 vintage HF Transceivers that were fully restored.
Wrapped in plastic, I've been holding them for more than a decade.

There are lots of bootleg FM stations in Florida. You can get a 25 watt transmitter for under $2,000. that with a small antenna on the rooftop of a 15 story apartment sends a signal good for 10 miles.

And then there is the 'program'.

You don't know how low it can go until you come to the big F. ..let me croon a tune 4 ya...

L A's fine the sun shines most the time
..And the feelerin is laid back..
Palm trees grow, rents are lo..( not
But ya know-- it's just not Fresno..