Just six months after to relocating to Austin, renowned FM-turned-Web radio station Woxy pulled the proverbial plug yesterday, citing a general lack of funding. The news will likely have a ripple effect on the already struggling ME-TV, which leased some of its studio space to the station.
This isn’t Woxy’s first financial crisis – the station was saved by anonymous investors back in 2004, after the station left FM airwaves – but it appears to be the last.
“As much as I wish something magical might come through, it really doesn’t look likely at this point,” Woxy marketing director and Austinist music editor Paige Maguire wrote at Flux-Rad. “Our owners at Future Sounds have exhausted their resources looking for a new home for us and more funding. Unfortunately, it seems as though we’ve lived all nine lives.”
Read more in next week’s Off the Record.
This article appears in March 19 • 2010.