I think that Weston's point is that radio needs live bodies doing radio shows, interacting with listeners, and providing content that's not available on Pandora or any other jukebox stream.
Radio is a service to listeners. The better you serve the listeners, the more audience you have. The more audience you have, the more appeal you have to advertisers. The more appeal you have to advertisers, the more money you can make. This is not a difficult concept, but too many corporations have forgotten about the first part of that tautological equation. Listeners are the last thing on their minds, and money is first. Too many decisions are based on immediate returns without thought as to how it will ultimately affect listeners. The ultimate effect is a decrease in revenue over the long term.
If I want to sample a vast variety of music, including the obscure or undiscovered, I open up Spotify and start searching. If I want to know what's going on in my town, and want to kick back with familiar music and maybe some music that I should be aware of, I turn on the radio. The stations I listen to still have some local content, but not nearly as much as they had a few years ago. If I want canned content, I'm not listening to local radio. I can time-shift that and listen to podcasts directly from the source.
The bottom line? It's about CONTENT. If you're not creating compelling content, your headed down the wrong road as a company.