Historically, independent and local radio have tended to go hand in hand; a station that focuses on community events and local artists is independent by virtue of the fact that their main concern is serving their community, not serving their own interests.
Local corporate radio is an impossibility – corporate radio is interested in reaching as many people as possible, because higher ratings translate directly into more money from advertising. It follows, then, that a corporate radio entity will broadcast content that appeals to a broad audience; whether or not that content is local is moot.
With perhaps a few exceptions, local Internet radio does not exist, because Internet radio simply isn’t tied to geography the same way that broadcast radio is.
If Marshall McLuhan is to be believed, the medium cannot be separated from the message that it carries, and I think that this holds especially true in this case. Internet radio potentially allows anyone to broadcast great content from anywhere in the world, and this is a good thing. Yet, when I tune into a stream online, I don’t get the same feeling as when I turn my radio dial to KWUR 90.3 or KDHX 88.1 in St. Louis.
The loss of KTRU and WRVU is a loss for the entire communities of Houston and Nashville, one that cannot be amended by a switch to online radio.
And so this isn’t, or perhaps shouldn’t be, an issue of money, but rather one of values. I value local, independent radio and the freedom of expression that it provides, and I’m sure that the staff at KTRU and WRVU do too. Rice and Vanderbilt do not, but they should. The sale of KTRU’s and WRVU’s broadcast licenses – or that of any local, independent radio station – is a nasty thing any way you look at it. Radio is, by and large, controlled by a few companies who don’t give a fuck** about diverse opinions or interesting music, and taking away one of the few stations that does is shameful and truly reprehensible.