WAVO Charlotte NC, which is standards with lots of unfamiliar songs and unfamiliar versions, raises money form listeners. They had to stop streaming online because of music royalties, and while they promised to bring back the stream if they raised $3000, they only received enough to pay the royalties for broadcast. But that would be another source of funds if people could stream.Unless they're charging a subscription fee, I doubt that's true. The online audience is mainly an expense with very little revenue.
The fact is that it isn't locally programmed, but they run a nationally distributed oldies format.