All of this makes perfect sense in the grand scheme of things. Mojo's IP is sold, and frees a prime stick in the market. WYGY moves to what has been described on these boards as a "blowtorch." With a stronger local signal, the "new" country station is louder and prouder and Cumulus can devote their resources to chasing WUBE's share of the market. Cumulus avoids going head to head with two competitors and can concentrate picking a fight with an established heritage signal.
Evidently Cumulus believes they can make their money back by beefing up their country presence. Only time has the answer to that question. Knowing these things, whatever appears on 96.5 will likely not be a format that already exists in the market. At least, not one with strong competition.