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It's only accurate up to a point. As @Trev and @Warren noted, the show is first about entertainment and second about depicting the industry.
As an entertainment source, I like it.
It's more realistic than Mad Men. I'm pretty sure a legitimately 'accurate' portrayal of our industry would be so boring, or confusing that no one would watch the show.
Seems like they're trying to make it more about relationships and ideas.