Close, those lower thirds come from iMovie. They didn't even bother to change the color of the lower third from the default (that subdued plum color). The fact that they use free software to produce and edit their "newscast" and are so cheap that they haven't even ponied up the $100 for even Final Cut Express really proves that their effort is half-assed at best.
Sure, perhaps they don't need a live control room, remote trucks, etc. but with just a few hundred bucks, they could use better software and better workflows to make a better quality news program that would be on-par with college film students who use Final Cut.