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Most commercial radio stations use mp3 or mp2 and have been for a while now.
It wouldn't be that bad if they were using 320kb mp3's but most are using the equivalent of 128kb. :(
Funny thing is, I work for a community based radio station (read not much money) and we are in the process of converting our CD library to digital for HD based playback and we are going with uncompressed wav. We did the math and for the price of HD's these days including backup/redundancy it was easily doable.
I'd send them a 320kb mp3 but don't be surprised if they ask for a lower bitrate one. :(
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