Radio Paradise is an Internet based radio station devoted to offering alternative music. Based in Paradise, California, this little “radio station” is a throwback to those early experimental days of FM of the 1970’s. In those days a DJ was a disk jockey, not just an employee of a large corporation.
“It seems that everyday it gets harder making an honest dollar without giving up a little piece of your soul to the corporate reaper.” So William (Bill) Goldsmith felt when he started Radio Paradise. Yet as time went on it became apparent that he wasn’t the only one who felt this way as more and more people tuned in. Internet radio had come into its own thus allowing new avenues of creative expression that traditional radio couldn’t achieve. (Source: Case Study: Radio Paradise)
Radio Paradise mostly plays different styles of pop and rock music, but occasionally also everything from jazz to classical to electronic music and world music. (Source: WikiPedia article on Radio Paradise)
Now with over 35,000 registered users from around the world (there's an interactive global map for you to see where they are), Radio Paradise seems to be doing quite well. And for once, I have found an Internet radio station that plays music very similar to my own eclectic tastes: everything from 10,000 Maniacs to Neko Case to Jimi Hendrix to Neil Young to Louis Armstrong, all mixed in together. No rap, no hip-hop, just good tunes :-) The only downside is lack of support for Audioscrobbler.
Best of all, you can listen for free, although they do want regular listeners to donate to help keep the station afloat. You can also register and take part in music rating, discussion forums, and the like.