EXCLUSIVE… UPDATE: I’ve learned the sequel finally came together today. The comedy Anchorman 2 will be produced under mogul Judd Apatow’s banner with Will Ferrell’s and Adam MKay’s Gary Sanchez Productions. McKay will direct as well as write the script with Will Ferrell who will star again as Ron Burgundy along with the 2004 original’s castmembers Steve Carell and Paul Rudd and David Koechner. Anchorman: The Legend Of Ron Burgundy had been a DreamWorks production but Paramount took over the project after DreamWorks 2.0 departed the studio. In the first movie, Burgundy was the top-rated anchorman in San Diego in the 1970s in the PG13 pic. McKay and Ferrell are still “kicking around ideas” for the sequel, an insider tells me. “We didnt expect a week ago that this thing was going to get greenlit. It’s been alive and dead so many times.” Gee, I used to own the complete set of Anchorman booblehead dolls and finally gave them away because I didn’t think they’d ever be worth anything. Dumb, dumb, dumb!

UPDATE: OOPS! I think that ace Action4 anchorman Ron Burgundy himself scooped me (in between picking his teeth). Here’s a clip of him making the announcement on Conan O’Brien’s talk show to be aired later tonight: