Some random thoughts.
1 Try to get live audiences
I don't know if this would work or not, perhaps some promoters here can comment on how difficult it is to get reasonable crowds to attend pool tourneys as spectators. Clearly TV has the potential to bring in more money than ticket sales, but if you get people attending, then maybe you can convert more people into pool fans, like grass roots marketing. It's all about growing the fan base.
2 Talk less about the money, more about the sport, prestige, and history
Pool has some history, although not as much prestige obviously as some other sports. The money, even the money KT put up is not going to impress a TV audience. Talking over and over about how big the (theoretical) prize fund is makes the whole thing look kind of low-class IMO. Poker's different, it's a game that revolves around betting money, and first place at WSOP is 10M or so if I'm not mistaken. People win over 500k in televised poker tourneys all the time, it's not like that's an earth-shattering number. Pool's not poker, it's a sport. I'm not saying don't mention the cash at all, but try to convey the prestige and history rather than the amount of cash.
3 Work with the community not against it
Instead of stomping all over the existing events, it would be cool to incorporate them into the IPT or whatever big pool tour exists. Events like the US Open and DCC already have a history, use that. Also, you can have more events that way, and also they won't all be exactly the same.
4 Scrap the round robin
Or, at least have the last 8 or 16 to do single elimination with longer races. Here's another idea. Have everyone play say 15 to 20 matches over the course of a week, and then periodically drop the players with the worst records, kind of like golf. Then at the end the top 8 or 16 can do a single elimination for the title. You could either match players up at random, or you could do it according to records, that way if you're 9-2 you play someone else who's also 9-2 so you get good matches, and it would be really tough to go undefeated. And, if you're 2-9, you get an easier match, so you won't really get screwed by the draw.
5 KT, stop being a jackass
Maybe I'm bashing, but it has to be said. Don't do stuff like get MS and LJJ to play for 150k and insist that MS is now the "real" world champion. Don't pretend that a lot of people bought the MS-LJJ DVD. Don't bash 9-ball constantly, and stop talking about the slow cloth, we got it. When people have comments or objections, don't reply with "that's why you're not a billionaire." Oh, and pay the players.
6 Get Gabe and Aaron back in the commentary booth
If people are going to watch pool, it really helps to have entertaining commentary. Sure they may have offended some people, maybe they can take it easy a little, but it was entertaining, funny and at the same intelligent and insightful. They didn't treat the audience like 8-year-olds, like you get on OLN a lot of times and also on ESPN.
7 Don't play just 8-ball
Change up the game sometimes as well as the conditions, slow vs fast cloth, get some variety.