It is a radio transmitter (and therefore a radio) regardless of what the TFA says. If you drag our your field strength meter or scanner and tune it to around that band, you're going to get a signal. Probably not a very strong one but it's still there. The big chunk of wire hanging off it is clearly an aerial so it even shows intent of being a radio.

Seeing as it's 49MHz, it'll even show up on analogue baby monitors etc.