Just skipping through the thread: Bogut's move to WTAE cost KDKA a million bucks in the first six months, before the ratings stabilized with Cigna (as his replacement.) The dough didn't end up in WTAE's pocket, tho.
We played music on KDKA because it kept the demographics down where the agencies liked them. All-talk stations tend to have a very old listenership; it was even more noticeable and less forgiven back then. Now that things are more fragmented it's more accepted. It wasn't about having people "listen to us for music", it was not chasing away all the 40 year olds who didn't want talk shows jabbering in their ears while they made lunch for the kids. KDKA had a vast cume. Not chasing them away was a strategy.
We carried the Penguins because it was vastly profitable. It was a barter deal; the Penguins absorbed all expenses and took 2/3 of the spot inventory. The station got 1/3 of the inventory, which it sold (certain major categories like beer & auto were reserved for the team sales) and kept. This was unlike most sports contracts (at the time) where the station bid on the rights, hired the announcers, absorbed travel and engineering expenses, sold the time and hoped the revenue was greater than all the costs, including prodigious rights fees. Usually it wasn't, or was marginally profitable. During the Pirates awful "drug" year we got killed; no sponsor would touch it.
Doug Hoerth was let go because his ratings sucked. They always sucked. Everywhere he went. He had a devoted, boisterous, but narrow audience which never translated to ratings. I liked him personally, and gambled on him twice, but it never paid off big, for me or anyone else that I know of.
Michelle Madoff was a disaster. We tried her out for a week as a guest host and she was actually OK, if a little green. But then the first week was mostly all local issues where she was knowledgable. A few weeks later somebody called in and said "What do you think about the famine in Darfur?" and she was clueless, and we knew we had a problem. (It was more than that, of course; just illustrative.)
Most sports formats were not instantly successful; indeed, in the early days most tried to emulate WFAN and failed. That station, it should be remembered, already had a successful morning show (Imus) from the WNBC format, onto which they grafted another 20 hours a day of sports. They started from a strong AMD; others who tried started from no morning show, and did not hit their stride for several unprofitable years. On the AM dial you make your money in AMD and to a lesser extent PMD. All the rest is filler. (As formats continued to fragment it became more obvious that a 2+ share could work, but that took time - both for owners AND for advertisers.)
To the list of disasters I would add KDKA-FM's vastly expensive attempt to get into Beautiful Music with the WPNT conversion, just as Beautiful Music was falling off a cliff. (Most of the cost was promotion; the format itself is cheap.) Of course that mirrored Westinghouse's entire entry into the FM Beautiful Music world all over the country, with similarly terrible results. (Short term it was OK, they mostly bought already going franchises. But when the format crashed, it crashed everywhere.)
As a thank you for the Bogut move, KDKA Radio and KDKA TV went after Myron Cope the following year with an offer that more than tripled his salary. We didn't really want him that much, but we did enjoy putting a dent in WTAE's pocketbook. (We also made a bid for the Steelers, with similar results. To that point we had not been aggressive in that game; we preferred the Pirates, which gave us a far greater volume of programming: 180 games versus a little more than a dozen.)
I heard from people inside that the Steve Hansen era was a disaster. Total. Internal morale in the toilet, terrible decision making, more. I wouldn't know; I wasn't there. I do know that there was a PD, grafted in from a Beautiful Music station just prior to Bogut's departure. That one was a disaster, attempting to bring BM formatics to the station in an attempt to lengthen listening spans. By, for instance, cutting down as much news as possible during the music shows, instructing Bogut to do his show with less talking, and... well, you get the idea. (This alone would not account for Bogut's move to Ardmore Blvd, but having your boss, and your bosses' boss be entirely clueless couldn't have helped.)
Yeah, barely a mention of Bob Prince. Color me surprised.