I don't even think audiobooks are necessarily bad, it's people consuming them like a hamburger while they multitask so they aren't even really engaging with the text. Let alone not really having the ability to stop, think and relisten very easily. With a text you do it basically automatically if necessary, with an audiobook you've got to fumble around for your device and hope you get back to the right spot and not break your train of thought in the process.
Oral storytelling used to happen in small intimate groups around fires with a couple of lamps lit, total silence, wind howling, drinks and sometimes other delights, with no conceivable distractions. Even saying "no distractions" isn't accurate, as it was moreso the case that they'd a completely different conception of time. The stories would be told live by another human, with their voice and body and eyes looking at you.
Reading is different than oral storytelling - it doesn't pretend to be the same thing, at least not anymore. Creating a hierarchy between the three is, I find, a bit odd, in general.