I was just checking out icecast and SoundCloud and was wondering if we can have our own fsmk radio channel

As to what are its content
That itself is a whole topic

A good question to ask is, who are our audience? Will FSMK members listen to it? Will we be able to generate content on a regular basis? Who will curate the content?

There was an initiative a few years ago to have a newsletter. It ran for a few months since one of our members really pushed people to generate articles. Unfortunately, it could not sustain itself for long. The moral of the story is that we need at least a few takers who will passionately take up tasks and drive them until a community is created around it.

If it is an FSMK channel then the content will deal with issues that FSMK takes up.