In a nutshell, resources are a big factor.
Does the provider have the resources (mad money) to afford more than one radio?
Does the provider have the antennas for multiple radios, or willing to sacrifice some sensitivity when using a splitter?
Does the provider have the computing power and enough sound cards to support multiple streams?
Does the feed provider have the bandwidth required to broadcast multiple streams and still have enough bandwidth left over for their other internet tasks?
To an extent, resources also are a factor for listeners......in particular dialup users.
A dialup user may have adequate bandwidth to monitor one stream, but no more.
In my case, I prefer to monitor single channels for the same reason you mentioned.........I have the radios.......I have the antennas, but lack reliable bandwidth to broadcast into the internet.