Yes - they won the illustrious "Rolling Stone Station Of The Year Award" - while KROQ was the BIA station of the year for highest billing station of the year. I'll take the latter.
It's like Arrested Development winning tons of Emmys and American Idol being the #1 show. Awards mean nothing - audience does.
The "Arrested Development" analogy is a good one -- and it can be taken both ways. "Arrested" never attracted a large audience, but people still talk about that show, years after it went off the air. There's also constant interest in a movie version... and a general consensus that the show was at least a quality gem and was hugely influential.
If I'm a businessman, BFD. But if I'm a creative type, that's something I could be proud of.
Ditto Indie. Indie will never be seen as something to emulate from a business perspective. But in the world of pop culture, and trend setting, and even in the music industry (which came to appreciate Indie's ability to expose music to the industry, which would then in turn expose it to the world via TV shows, commericals, etc.), people will be talking about Indie and lamenting its loss for some time to come. Look at the sheer amount of attention the demise of Indie has received in the press, on blogs, etc. If a top-rated station like KOST went away tomorrow, it wouldn't get as much attention. Yet Indie did -- kinda unusual for a station that consistently ranked 45th in the market. If I were one of the creative types behind Indie, I'd be proud.