The satirical format will be the first commission for Channel 4’s Head of Entertainment Ben Caudell.
Fonejacker writer and star Kayvan Novak has been commissioned to present spoof news bulletins under the working title Britain Today, Tonight.
The comedian will be disguised as a range of personalities including politicians and an American news anchor. He will also spend part of the new show winding up members of the public and pulling pranks on celebrities and politicians.
It is being made by Objective Productions, the indie behind RTS award winning Peep Show.
Britain Today, Tonight, was the first commission by Channel 4's new Head of Entertainment, Ben Caudell, who moved to the broadcaster from Objective in May.
Channel 4 said that it hopes the show will shine a light on contemporary Britain and for viewers to witness "the ‘news’ as you have never seen it before."
It is being made by Objective Productions behind RTS award winning Peep Show.
Novak is best known for morphing into a variety of characters in prank call shows Fonejacker and Facejacker.
More details about Britain Today,Tonight will be revealed at a later date.