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In Chicago WBBM simulcasts it's AM news broadcasts on FM...Though you would probably just hear two channel mono(and it's news so even if it was somehow stereo it probably would not improve the experience any).
The nice part of simulcast tuners is that the AM sections tend to be over engineered to produce HiFi AM that better matches the audio capability of FM. The result is that if you have an AM music station that strives for HiFi audio quality in their signal your set will likely better reproduce it than any other tuner that you might own.
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