Unlike the others reviewers here, I simply didn't much like this film. The unlikeable, selfish characters, the jumpy schizoid story and the flashy direction.
I'm sure it has much to say, or has said, in the same way that Scorsese's The King Of Comedy, Sidney Lumet's Network and Barry Levinson's Wag the Dog, all about the nastier, crueller side of television but without being as nastily cruel as The Final Curtain appears to always be.
I'm afraid Peter O'Toole swearing at every opportunity isn't a good thing, however adorably crusty he's supposed to be. Maybe I watched the DVD I bought for 66.6p at Cash Converters on a bad night, maybe it does hold much treasure within. I will undoubtedly try it again some day and hopefully get more from it.