And that is the issue. Of all my research on streaming stations, virtually none of them have the visitation count that can attract the advertising dollars. Sure there are the big corporate streamers that do but even finely programmed and targeted for specific groups (such as college stations) are getting fewer than 70 hours a week per thousand students and that's just under 300 visitor sessions and only about 45 unique visitors.
My data I gleaned: 20 minute TSL averaging 91.4 minutes a week per unique visitor. And I caution, this is online radio for and by the college with admirable promotion and involvement in the lifestyle of the student. Simply put, the station is involved with many functions and tons of swag that gets used. To be a student and not be aware of the station means you're hiding under a rock. It is a small sampling of about 10 colleges, maybe a dozen. They were selected for doing an excellent job in marketing the station, good programming choices and centering on colleges where more students are not local residents because the non-local student's life tends to center more on college lifestyle than those who live at home or off campus and simply attend part time or even full time. I sought colleges because the programming and market are very precise and because, by demographic, a very 'online' segment of the population. Simply put, if I wanted an most ideal model of success, the college was my best case scenario.
By the way, I found if an online station was offered over cable TV or radio via closed circuit mode, up to 80% of listening was offline by choice. Could data cost be the issue?
Oh yes, there's the programming restrictions and reporting responsibilities as well.