With the orchestra spread out on stage from left to right, and a bi-directional mic overhead with the capsule facing left-right, you get a channel which is largely the difference between what a listener at the same position would be hearing from each ear. Not exactly, but something like that. So not very listenable on its own.

On the same pole facing down at the entire band, you have the omnidirectional mic trying to capture the whole thing as good as possible, suitable for live broadcast from this other channel alone. They didn't have stereo radio yet anyway.

Afterward back in the studio, starting with only the two channels on reel-to-reel tape, the "difference" channel can be phase-inverted to an auxiliary tape, then you have three channels suitable for mixing.

And with analog techniques like this they can be mixed "down" to 5.1 surround sound.

From a single mic stand and only two live signals.