Given that no rock station in New York has really succeeded as an active rock station since the 70's, could an classic rock station with indie imaging succeed?
Pretty good, except you're breaking your own rules. There's a bunch of those bands that have been around for longer than 10 years: No Doubt, Blink, Garbage, Hole, Weezer, RHCP, Foo Fighters, Everclear, Offspring, U2. If I misinterpreted your rationale and it was no SONG older than 10 years, I think you're also missing out. Weezer's Blue Album came out in '94 (making it 13), Foo Fighters debut in '95 (which many modern rock stations still don't give enough time) and Offspring's Smash was '94 also. If I also may add:
Thursday
Jimmy Eat World
Deftones
Tool
Korn
My Chemical Romance
Placebo
Finger Eleven
The Decemberists
Panic! At The Disco
Muse
Cold War Kids
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Great additions, specifically Tool and Muse. Finger Eleven and Panic! both fall into the pipeline category, which speaks to the strength of the format. If only mainstream market radio programmers got it!