I turned it on part way through and watched it for a while. It looked well done, but It's not really my cup of tea. I think there's enough real issues that could be tackled without needing to make up news.
There was a variation on this a while back where a panel were asked to respond minute by minute to a crisis in London, and their responses were then discussed by experts to see how they did. That was interesting because it showed how your immediate respoonse might not be a good one.
But simply doing a fake documentary I find a little boring. But then Again I don't really like Fiction Books either.
-Rd