AM stereo is a term given to a series of mutually incompatible techniques for radio broadcasting stereo audio in the AM band in a manner that is compatible with standard AM receivers. There are two main classes of systems: independent sideband (ISB) systems, promoted principally by American broadcast engineer Leonard R. Kahn; and quadrature amplitude modulation (QAM) multiplexing systems (conceptually closer to FM stereo).
Initially adopted by many commercial AM broadcasters in the mid to late 1980s, AM stereo broadcasting soon began to decline due to a lack of receivers (most "AM/FM stereo" radios only receive in stereo on FM), a growing exodus of music broadcasters to FM, concentration of ownership of the few remaining stations in the hands of large corporations and the removal of music from AM stations in favour of news/talk or sports broadcasting. By 2001, most of the former AM stereo broadcasters were no longer stereo or had left the AM band entirely.
Early experiments with stereo AM radio involved two separate stations (both AM or sometimes one AM and one FM) broadcasting the left and right audio channels. This system was not very practical, as it required the listener to use two separate receivers. Synchronization was problematic, often resulting in "ping-pong" effects between the two channels. Reception was also likely to be different between the two stations, and many listeners used mismatching models of receivers.
After the early experiments with two stations, a number of systems were invented to broadcast a stereo signal in a way which was compatible with standard AM receivers.
FM stereo was first implemented in 1961. In the United States, FM overtook AM as the dominant broadcast radio band in the late 1970s and early 1980s.