Fewer listeners are tuning in, including me.
Will traditional analogue radio die? Or come-up with a new business model?

… the prospects of radio companies have dimmed significantly since the late 1990’s, when broadcast barons were tripping over themselves to buy more stations. Radio revenue growth has stagnated and the number of listeners is dropping. The amount of time people tune into radio over the course of a week has fallen by 14 percent over the last decade, according to Arbitron ratings.
Over the last three years, the stocks of the five largest publicly traded radio companies are down between 30 percent and 60 percent as investors wonder when the industry will bottom out.
Personally I feel radio has a bright future. But it will be far different than the bland, computer scripted content forced on listeners today.
The radio infrastructure will be available cheap and — I hope — be converted to unique, very localized service. Podcasters may even pay to be broadcast over public air waves.
Competition for your ears is increasing. I expect traditional radio to be one of the many different ways it is delivered.