http://www.soapoperadigest.com/features/young-and-restless/interviews/take_hoff/

From the interview:

Digest: What was shooting like in the old days?

Hasselhoff: Before, you'd go through blocking in a rehearsal hall, then usually go take a nap, then you'd go back for camera blocking, then you'd run through the whole show, then you'd sit around in a circle and listen to everyone's notes, then you'd go to lunch, come back and do the show. After it was over, you'd go back and read for the next day. It was just a grueling schedule.

The schedule might've been "grueling," but I think it made for better soap opera. Now, there's hardly any rehearsal time, and it shows.