Story at Think Progress. It's a seriously, frighteningly wrong impulse to consider shutting up voices you don't agree with.
The way I see it, conservative talk radio emerged and blossomed because conservative views had been suppressed for so long in all mass media - TV, print, and radio. Back in the 80s, I would hear people say things like "Until I heard Rush on the radio, I thought I was the only person who thought that way." Around 60 million people listen to Rush Limbaugh now, I believe.
AM radio was a dying animal until daytime talk came along.
The fresh viewpoints have been great for the country, in my opinion. The debate is good for everyone, because it makes us think and re-think instead of stagnating. Even when you disagree, it helps sharpen and clarify your thoughts.
Talk radio remains one of the few places where alternatives to the MSM "establishment" views and spin can be heard. If print and TV were more balanced, some talk radio and some blogs wouldn't feel the need to exist. Their markets would shrink.
Still, I suspect that if some cheerful, optimistic, warm-hearted, avuncular, humorous, and self-mocking (all traits I attribute to Rush) liberal came along on the radio, he or she could build a sizeable audience. But maybe not.