Not exactly. There's a saying if you are not the customers you are the products.
FM radios have been garbage replaying the same stuff (paid for by advertisements and promoters) for a long time and guess what. The songs aren't the best (they pick artists who would accept a smaller cut, or songs are cheaper because they are older and not as popular), and the advertisers can't target you from your listening history so the advertisement aren't worth much, so they can't pay more for the better songs and contents. There is a reason now most stations are consolidated to the same owner (I heart Radio?) except a few non profit or public radios relying on donations. Classical probably being the only good one I listen to now, and they often have little royalty to pay.
It is like free school lunch vs buying your own lunch at work, they aren't the same quality.