No doubt you're correct in some regards, but as I understand it, electromagnetic waves are of a different nature than a magnetic field. We can listen to radio broadcasts because the antenna shoots photons, rather than growing and collapsing a magnetic field. So my radio detects photons from a long distance, and need not be within the circle of the antenna's magnetic influence.
Unlike magnetic waves, radio waves (electromagnetic or EM waves):
* bounce off the ionosphere, can go around the world,
* reflect off buildings and airplanes (multipath),
* are directional when broadcast by a suitable antenna (satellites, microwave towers),
etc.
Magnetic fields show a different kind of behavior, although they have a sort of directionality. I haven't memorized all the equations nor similarities or differences. Perhaps it's easy for people to think they're the same phenomenon because they share the word 'magnetic' in their names?