Here is a good report: Joint Report by The Center for American Progress and Free Press June 21, 2007; Updated June 22, 2007.
I think the key point is not whether Progressive Radio makes less money compared to Conservative Radio. They compete just fine if allowed to. It is that the radio stations are the property of a few mostly conservative owners who control the lions share of the stations and programming. Meaning that the free market of ideas is being controlled by a few idealogues.
(h/t to the AnimationArchive for the pic)
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