I have decided to call my magazine 'Phon'.
The phon is a unit of loudness level for pure tones. This link to sound is appropriate for a magazine about music.
The word 'phon' is unusual and is not a name already being used for a magazine. The oddness of the name conforms with the indie intention of being different, while making it more memorable, assisted by the word being monosyllabic. If a magazine's name is affecting, it is more likely to be successful; people will remember the name or will be curious about a magazine named 'Phon', so they will investigate it further.
I would like to see what your audience feedback is on PHON. i am not convinced but I do like your rationale behind it, nonetheless!
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