if someone would put an easy listening station on the air there's no reason why it couldn't have a good rating.
Unfortunately, there are a multitude of reasons why it won't get good ratings.
You have to remember that the reason WRFM, WTFM, WPAT, and WVNJ stopped being Easy Listening stations was because they weren't getting the ratings or generating the advertising revenue that alternative uses of the frequencies could.
With the exception of WPAT, which went Spanish language, the other stations all were switched to formats that were more attractive to younger listeners.
And now, twenty-plus years later, with a large chunk of the audience that used to listen to those Easy Listening stations dead or moved out of the area, the ratings and revenue potential for that format are a lot less. Most advertisers are NOT interested in listeners over 54.
Ultimately, radio is a business that sells the attention of crowds, it either has to attract a large crowd or a highly specialized crowd, but the one group that is not in demand is an old crowd. And almost nobody under 55 would listen to Mantovani, Ferrante and Teicher, or the Ray Conniff Singers for more than two minutes.
It's too bad, but with the number of commercial frequencies available on FM in NYC, Easy Listening has less than a snowball's chance in hell of coming back. Even the former Easy Listening AM stations that no longer show up in the ratings like WPAT-AM, and what was WVNJ-AM-620 can be more profitable selling block time directed to foreign language or religious groups. That is just the free market at work.
Satellite radio offers all kinds of music formats, more than one hundred channels, but their marketing data probably told them that there weren't enough potential listeners interested in what used to be Beautiful Music, to even offer a dedicated channel there.