Overstated and incorrect. (The author reveals their own bubble in the preceding paragraph.)
Word selection matters; there is not point in using "dead" when we have more accurate words like "declining".
Talk is cheap. If the parent commenter wants to make a prediction about if/when AM and/or FM will die, I recommend going to a prediction market and practice making testable predictions. Most people are poorly calibrated. Many people would benefit from seeing how poorly calibrated they are firsthand. Losing is a powerful motivator for course correction.