I'm not from Australia, but this show is one my favorite all-time television satires. It does a better job showing the venality, cynicism and amorality of the broadcast news business than anything I've ever seen. It's also wickedly dark, and it succeeds in one crucial aspect that sinks many lesser comedies: it's got great characters, acted with impressive naturalism by a fantastic cast.
From ignorant airhead anchor Mike Moore (Rob Sitch) to the perpetually harried line producer Emma (Alison Whyte), to the cruel yet resourceful reporter Brooke (Jane Kennedy) and the apathetic senior reporter Marty (Tiriel Mora), there's a great cast of characters here who start out by conforming to type and then, as the series goes on, actually reveal a surprising amount of nuance. Like many comedies (Seinfeld, Always Sunny, Archer etc.) the characters are essentially jerkoffs, but you come to like them and - sometimes! - even see things from their point of view. Each of the three seasons also features a different executive producer character, from the sage Bruno Lawrence to the ratings-driven Kevin J. Wilson to the gleefully boorish Steve Bisley.
The naturalistic acting and cinéma vérité-style camerawork makes it all feel like a real newsroom. It's a great example of how (what was obviously) a low budget can still yield something special when you have great acting and writing.
And the writing really is that good here, with plenty storylines following our amoral news team as they report on such sensitive issues as immigration, hostage situations, sexual harassment, Nazis, little kids getting open heart surgery and more. There's plenty of references to Australian news events and media scandals, and some fun cameos from the likes of Harry Shearer and real-life Aussie politicians.
Overall this is a phenomenal comedy, and clips from it should be shown in journalism, media literacy and ethics classes around the world.