Licence granted!! Left only the realities of bread & butter. I must say that thngs like this, James is still No. ONE watcher of the local scene. He is right that mastering is no problem. Market and funding are key issues, he mentioned.
5000 listeners is a good start, and I think so. SOFT has 5300 members....but we'd probably can only count on about 50 (1%) to look at the big picture, and much less to give it the necessary support. I conclude this from analysing how the forum goes, and I may be wrong in judgement.
The market cannot be our band members, though without the existence of this group, there is no such station. Whether air-play or live shows, the target market must always be those outside this circle. So, for local music to flourish, and the market to flourish, bands must start with making music and songs that appeals to others instead of themselves.
Funding...it depends on what the mission of the station is. We used to have Passion station and funded for passion of the arts. Mind you, the community that supports mainstream arts events are a loaded bunch. In the end it suffered a natural demise. But it's a good case for us to look at before hopping in.
Programme...this is the essential part of it that either attracts or turn away the funders, the advertisers and the audience.