I don't think the station is safe at all. Even when its ratings were pretty darn good five plus years ago, billing stunk. I suspect billing is significantly poorer now than even back then.
iHM sacked in the last few years underperforming alternative stations in Detroit, Atlanta, St. Louis, Dayton, Raleigh (only a translator yet was around for a good seven or eight years, I believe) and perhaps other markets I'm overlooking. Woody aired on each of those first three stations.
It blew up an underperforming country station in Chicago recently and is in process of flipping an underperforming CHUrban station in Seattle.