The Emmy-winning "Guiding Light" alum will take on the role vacated by Michelle Stafford
Presided over replacement of "Guiding Light" with "Let's Make a Deal"
Sand left in the hour glass as long running soap is picked up through 2013
As networks shift to cheaper alternatives, advertisers fear the domination of game shows and syndicated talk
CBS to bring back the iconic daytime game show, with Wayne Brady as host.