Back when it was being broadcast, I always watched it and thought it was very clever. I haven't seen it on any of the cable channels that usually show the ancient TV series. I think everyone who has seen WKRP remembers the "Turkey Drop" episode.
It is my understanding the reason it isn't being rebroadcast on the oldies TV channels is the music played on the original show. Story is they can't afford to pay for the music rights.