The book has been reviewed dozens of time in numerous different countries. Most have been interesting. A few have been eye-wateringly hostile (but revealing,too). You'll find most of them online. As a foretaste, here are some samples of the good, the OK and the ugly:
The good:
London Review of Books
http://www.lrb.co.uk/v30/n05/john-lanchester/riots-terrorism-etc
The Spectator
http://www.spectator.co.uk/books/476801/the-vile-behaviour-of-the-press.thtml
The Independent
http://www.independent.co.uk/arts-entertainment/books/reviews/flat-earth-news-by-nick-davies-782274.html
The Observer
http://www.guardian.co.uk/books/2008/feb/03/society
http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/books/book_reviews/article3336139.ece
The ugly:
The Guardian
http://www.guardian.co.uk/books/2008/feb/09/pressandpublishing.society
The Sunday Telegraph
http://www.telegraph.co.uk/culture/books/non_fictionreviews/3671403/A-journalist-turns-on-his-profession.html