A radio receiver (100) has an equalizer (500) that operates in the time domain to remove residual interference that is not removed by an IF filter (200) operating in the frequency domain that is caused by an adjacent interfering FM station. The equalizer (500) includes a modified constant modulus algorithm (CMA) to generate a tap update signal from the output of the equalizer (500). The equalizer (500) uses the modified CMA to reduce an amplitude fluctuation of the received signal caused by the adjacent interfering station. The CMA is modified to use an infinite impulse response (IIR) filter (540) to generate the tap update. The IIR filter (540) also speeds up a convergence of the modified CMA to provide better performance.