A compatible stereophonic receiver capable of receiving a monaural signal, 2-channel stereophonic composite signal and multi- channel composite signal transmitted in the frequency modulated form, which comprises a plurality of band amplifiers each having a bandwidth different from each other so as to amplify an intermediate frequency signal including any of the above-mentioned signals; a discriminator for determining whether the signal received is a monaural signal, 2-channel composite signal, or multi-channel composite signal; and means for selectively connecting a band amplifier which has a bandwidth corresponding to an output signal from the discriminator to a multiplex demodulator through a frequency modulated wave detector and controlling the multiplex demodulator to demodulate an audio signal from the output of the frequency modulated wave detector.
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