iHeartRadio is a monster. they own over 40% of the stations owned by the ten biggest broadcast groups in the us (as of 2021, based on data from https://www.radioworld.com/news-and-business/programming-and-sales/who-are-the-top-earning-u-s-radio-groups )
their dream for the broadcast radio landscape is five super-popular personalities piped into algorithmically-generated playlists optimized to make you hear and respond to as many ads as possible.
this huge chunk of the commons, put under the forced stewardship of the government who decided to regulate it, turned over to the resource extraction class to absolutely suck it dry and make it valueless.