There are definitely holes in the market, K.M., but with the current ownership groups they'll never be filled.
Forever is very staid, owned by principals all well into their 70s and not local, Southern Stone is owned by Paul Stone and run like they have for 30+ years, and then you have Grace Broadcasting and the WBFG group doing dueling NewsTalk formats. WBFG is run by Dan Reaves, who, for anyone not local, is central to a lawsuit that saw Grace forced to buy WNWS FM, then he split from Grace to go into competition with them. Grace seems intent to run every form of conservative talk there is to counterprogram even more conservative talk from Reaves. Reaves needed the AM/Fx combo to get a listenable signal in Jackson, because WBFG will never be a good signal anywhere west of the Christmasville exit east of Jackson.
There is room for a Classic Country, Top 40, Hot AC, Adult Hits, Urban Gospel. Take your pick. I'm very familiar with the market, having been in this area since 1971. Trust me, there is nothing that's going to change with the current ownership groups in charge.