Ron Burgundy (Will Ferrell) and Veronica Corningstone (Christina Applegate) are back together along with the rest of the KVWN Channel Four news team: Brick Tamland (Steve Carell), Champ Kind (David Koechner), and Brian Fantana (Paul Rudd). The group of reporters is investigating an extremist organization that calls itself The Alarm Clock. The group is robbing banks and spreading a message of... of... well they aren't quite sure what it is but they have a message. This film was actually created by putting together unused alternate takes and subplots from the original Anchorman film with actual footage from the released film.