Yes, it has. But not as dramatically as you might think. Check this out:
In looking at the demographic of most interest to our reader (thanks for sending such a great question, by the way!), we've compiled the data from years of Arbitron reports. Note that 2002 is missing. The trends look a lot like the above chart - steady decreases. Notice also, that men consistently listen more than women. (click on the chart and it gets nice & big!)
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