Looking at the FCC silent list is really deceptive. Here's why: If I had an AM and was moving to a new location with a Construction Permit I might file a STA to go silent in order to move to that new spot. It does not mean I am dead, just in the process of a move.
Fast forward to today; many more silent LPFM STA's being granted. In reviewing the applications, you'll see an increasing number are due to financial difficulties.
For lots of LPFMs, things simply changed. The tower location was not available when building the station happened. Or the site was not permitted to be long term. Another issue is coverage. Until you go on the air, you have a theoretical coverage (ie: predicted) versus actual. For many LPFMs, because of the low power, find serious and potentially fatal coverage flaws. For example, a few pine trees in your line of sight between the tower and your 'must have' coverage area might mean you don't reach that 'must have' spot.
I agree with what you're saying, but lack of good business practice and planning is not a valid excuse. What amounts to a 'handshake' agreement to put an antenna on a structure is just asking for problems later down the road. If you can't afford a lawyer to prepare, or at least review a contractual agreement to hold both parties accountable to the contract, then you've set yourself up for something that could kill your operation.
All of that above is 'easy' compared to LPFM's secondary status. A translator or full power move can literally drown you out requiring a move to stay on the air. Full power station moves, while rare, have left LPFMs with no available frequencies so the station simply went silent because of this. Even in some spots what seemed like a good channel was not with the LPFM barely reaching a mile from the tower before being overtaken by a full power station that seemingly should not be heard at that spot but at legal power with real life coverage was able to do so.
Again another example where research is required, eyes wide open. The application is filed for a particular channel (frequency). If this was real estate, one would have a title search and recorded knowledge of property boundaries. This includes the stations or translators co-and adjacent to where your stations would be, plus an understanding that a full power FM station down the road has the right of way.
Board in-fighting is a problem. Even radio people that formed boards to run a station find boards thinking they know radio better than the person that has been in all positions in radio all their working life. As a result of either inexperience or egos or both, many LPFMs flounder by simply not looking at successful models, instead ignoring them.
Completely agree. A wise man once told me: "Volunteers are death". Human nature dictates; everyone wants compensation. A volunteer' skin in the game is their valuable time. For that time, they want some form of autonomy, whether its playing what they want to play (because they know better), or the ability to be the boss of other's. Add in power grabs and politics, anarchy follows. Bad for business.
Many LPFMs lack any funding experience. They haven't a clue. They trudge on funding out of pocket until they tire of it and turn in the license. Others stop when they get just enough, say $2,000 to $3,000 a month, before that cheap type approved transmitter blows a power supply or lightning strikes and there's no money to fix it. Very few LPFMs generate more than $5,000 a year and much fewer even hit $10,000. For many, they sell so cheaply they can't ever find the time to generate enough revenue to survive. A real issue is asking people to sell on commission only without a salary and thinking a person can devote 40 hours a week to this.
Even some small market station owner suffer from much of what you said. The difference is; the typical small market owner has a full power station of some sort. The amateur radio VHF/UHF transceiver in my pickup truck has better coverage than 90% of the LPFM's.
Of those that never make it, most find the construction costs way too excessive for what they get. Tower companies charge their usual rates. Land prices are what they are and tower companies don't have a non-profit rate versus for profit rate. For some, that estimated $15,000 to $20,000 balloons to $50,000 because of local conditions (building restrictions, land prices, tower rentals and such). Or the board imploded resulting in a 'transfer of control' the FCC would not allow at that point. The gradual board member changes are fine but a 75% change can mean you no longer qualify under certain FCC Rules that qualify the applicant for the Construction Permit in the first place.
Aka; Lambs to the slaughter. These people don't see radio, including non-commercial radio, as a business. That's big mistake #1. Mistake #2? Not understanding the technical aspects of how radio works, and what their audience should be inside those limitations.
'All my friends say they'll listen and volunteer, so my dream of being admired as a local media mogul bettering my community is just a few thousand dollars and an application away!' Do these folks even bother to visit an actual radio station and talk to the Chief Engineer, GSM, GM, or PD? No, they're arrogant. Just like many radio hobbyists on this discussion board, if only they owned a radio station, they could show the "Corporate" organizations how it's done.
For all that you've rightfully pointed out, plus what I've added, these LPFM owners are getting what they bought.