Despite the incessant commercials, and the fact that half the show is just repeating what you just saw 2 minutes prior, the show "Making News: Texas Style" on the TV Guide Channel is a more interesting show.
It, too, follows a Texas TV station (interestingly enough, also a CBS affiliate - this time KOSA in Odessa, TX) and also features a small market TV station bringing in someone to help improve ratings... but in the case of KOSA, it was acquiring a prominent anchor from a competing television station in the market. They also focus on the other anchors, reporters, and production staff as well... it isn't strictly all about the new anchor (though that is a prominent "plot line.")
If you're interested in the TV News biz, check it out... but TiVo it and zip on through all the commercials and the repeated bits.