Matts is right, it is a mono signal, though it does sound OK played through a decent stereo. But for $100, you can pick up a very decent-sounding old analog tuner on eBay; right now I'm listening to a Dyanco FM-5 that I got for $55 in very good shape. Check out http://www.fmtunerinfo.com/index.html for some guidance.
Rich
Rich