Audio Hijack is definitely still actively developed. I've used it for years to do exactly that -- record the morning news program I like on a schedule. For years I had it start up, record, and add the file to iTunes. Then I'd sync my iPod and take it with me on the subway to listen. I've also used it a ton to rip audio from various sources for projects.
The interface in newer versions has been streamlined, and has some great presets for podcast production and the like.
I believe it's available as Apple Silicon native to take advantage of newer machines. Rogue Amoeba is really one of my favorite developers.