This is much better than some of the IMDb reviewers have claimed. Its parody of the reporting styles of news channels is spot-on. I particularly like "Look Out East". I presume many of those responsible for the main channels and programmes must have seen this show. That being so, it's a mystery to me that they nevertheless carry on in the same hackneyed and repetitious manner. I can only conclude that they simply cannot do any better. What a depressing state of affairs.
The show has its faults. Ironically, it is itself needlessly repetitious. The writers seem to have had the same problem as the channels they lampoon: too much time to fill and too little material to fill it. There is a series of six programmes, but to see two of them (any two will do) is probably enough. The rest is just more of the same.
Also, the guy doing the Hollywood news is way, way, way over the top and out of kilter with the carefully measured performances of everyone else.