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This is something I would like added. Currently, you could be a club for 5 years and bring great success. You resign and nothing is said about it media wise. How about an option giving your reason for leaving (i.e taken the club as far as I can, fresh challenge etc) like you do when you apply for a job and the media ask why you might leave.
Yeah, there currently isn't much going on when managers move or resign and it's definitely an area I would like to see improved upon.
It used to annoy me greatly in previous versions when a manager would retire at the end of a season and I didn't know about it until his club had appointed a replacement!
And then, based on what you say, the board may plead for you to reconsider; e.g. the board won't increase wage/transfer budgets (like in Forgotten's link), they can plead for you back (if you've been a good manager) and offer you increased budgets.
Well, often you wind up on the team's hated list so there is some backlash, its just under-the-hood.
I would definitely like to see some way(s) of "leaving on good terms", tributes, etc., when you've achieved legendary things at a club.
It would also be nice to have them brought up in later encounters between the clubs: the media playing it up a bit, and possibly even the match commentary making some "colour" comment about it. (Same for players you've sold on: "And he's scored against his former team!" would drive me mad! In a good way.)
All the media elements need to be dramatically stepped up. When they were brought in it felt like they were testing the waters, seeing how they went and whether they were popular. The rate at which they are improved is so slow you barely notice changes between versions now.
I still think, and I've said it on these forums under different logins for years, that we need a 'PR scale'. Sounds complicated but it needn't be.
For example when you are managing a semi pro team in the Conference you should get media comments on that level. Local papers, fan forums, direct questions from fans as you walk into work and 'non league' magazines should want interviews and comments. This then scales up to BBC TV interviews and Sky Sports post match interviews when you reach a 'big' level. You should be able to comment (Properly) when you sign a player, sell a player and when a player retires. You should also be able to tell the media "I'm looking for a striker who can play at champions league level" and they be approached by agents.
Going OT but agents used to approach you with players who were available but this stopped. Why? Things like that happen in real life. How do people think these late loan deals on deadline day occur? Not by sifting through a transfer list, but by agents putting the word about that a either a team is looking for a player or a player is available.
All of this should be scaled obviously at first according to your responses. If you are open and light hearted and media friendly they should continue, but if you are rude and short with them they should take that into account.
When you reach a good level you should be able to assign the media responsibilities to your staff. For example Premier League sides have weekly press conferences these days, where all the newspaper soundbites originate from. FM has one standard multiple choice question about one subject (If you are going to win). You should have the choice about who handles which level of media input (For example setting your assistant to do the post-match interviews when you are struggling like most Premier League managers do).
Your 'PR scale' idea is pretty much spot-on; in fact, what I really want is to see the amount of media pressure increase, from the Conference to League 1 to the Premiership to European play and finally, the most intensive, managing a national team.
As for the agents thing, frankly, that older implementation was more annoying than anything - the agents rarely offered you any players worth your time to look at, and further didn't
Personally, since there isn't a transfer list in real life, I try to think of the in-game "transfer list" as "Players for whom the team has notified his agent to find a new team," and think of "consulting the transfer list" as "calling around to a bunch of agents to ask whose on the market". (A player who demands to be transfer-listed, then, is a player who has demanded that his agent have permission to talk to other teams.)
Letting me go "pull" information in that way is a lot more efficient than the "push" style that those older agent videos adopted.
Even there, though, SI could build that assumption into the media with explicit e-mails in response: "The agent for Sam Smythe announced today that Puddlemere United have asked him to find a new club for the player..."
Reason for you resigning? 
so there is some backlash, its just under-the-hood.
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