Between DVE and 3WS there's no need for anything classic-rock related. There are already too many country stations.
Ratings-wise there might be hole for something Urban but the format never made money here, hence WAMO's saga. They made more money first selling 105.9 to Clear Channel, then 106.7 to WAOB than they ever made running the station. (Actually the perfect signal for Urban in this market is 98.3 but no one will ever get it away from EMF).
Maybe a well run commercial AAA format might have a shot (WYEP almost beats LTJ sometimes and they aren't all that good), but as was stated above, LTJ is kinda like the Pirates, they can finish last and still be profitable.