Slacker didn't make it because Slacker is as close to a traditional radio station as you can get. Their biz-dev SVP is an old school (but not old!) college radio promo guy, who I worked with. They are old MusicMatch and Rio guys that run it.
It's not sexy, it needs some work but its what it is and doing OK.
I guess to the point, it's not a big idea. It solves the pain the author describes, but that's a pain that was previously solved, is still solved in some places, and they just kept that solution the same.