If it is taken from a digital feed then yes, it could.
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Back in the day people would get a good tuner like McIntosh MR78 (I got poor mans version a Yamaha T-2).But it was as good as you could get back then.
But as Cerrut said regular Internet Radio is compressed/lossy though it great that world is opened up to (I haver some great Jazz from Finaland)
But you live in right area new HD radio has really good sound could benefit from a good $500-$1K DAC (and maybe goose your CD player).Check these sites
One hopes that Internet Radio will send less compressed or lossy signal but if it you can find local station you can get a Sony tuner for $75.Still DAC will improve is steamed and bypasses a crappy computer sound card and will help CD.Maybe it's a matter of bandwidth which seems to be limiter for everything these days.It''s to bad because you can get a computer to play WAV or FLAC/AIFF with a DAC which can rival a CD player multiples many times it's price with right DAC (Srajan of 6moons.com thinks his Apple with $3500 Weiss DAC sounds as good as a $20K CD player and told me even an old Apogee DAC with any computer you can get used for $500 and FLAC or AIFF can come damn close).The Internet Radio should catch up.
HD radio sounds much worse than internet stations at 128.
Most of it available here at least is not that great, you can clearly hear the artifacts. Any decent analog tuner sounds much better to me.
HD does not stand for high definition, leave it to the marketing people.
From the crutchfield site first thing that popped up in google:
"Originally, the initials stood for "hybrid-digital," because the digital signals were carried with the analog wave.
According to iBiquity Digital Corporation, that's been changed, and the letters "HD" now don't stand for anything.
Some articles and news stories have erroneously assumed that "HD" stands for "high definition," which has contributed to the confusion between HD Radio technology and high-definition TV."
hifi language. only deciperable by obsessive compulsive navel starers like myself. ha. i use music streamer and music fidelity vdac. wouldn,t consider using headphones out on mac when i can spend 100s on usb cables and expensive ics and more hundreds on dac to listen to background music at 128kbs. just the way an audiophile rolls ha.