Pitchfork posted this about the impending closure:
"According to a statement on their homepage, beloved indie-leaning web radio station WOXY has been 'forced to suspend our live broadcasts as of March 23rd' due to 'current economic realities and the lack of ongoing funding for WOXY's operations.'
This isn't the first time WOXY has found itself in financial straits. In May 2004, the station shut down operations, only to be saved at the last minute by anonymous investors, according to their website.
'We're continuing to explore options to keep The Future of Rock and Roll alive,' reads the WOXY site.
UPDATE: Pop Candy has a quote about the shutdown from WOXY music director Matt Shiv: 'WOXY.com is being shut down today by our owners at Future Sounds. The WOXY staff continued working last week during SXSW under good faith because a deal was 'in motion' to continue funding for our operation. We were informed yesterday that that the deal fell through and now it is time for us all to walk away.'"
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