The genius of Anchorman
In all this misunderstanding about this movie people seem to miss the main point on how this shines the light on what REALLY made Anchorman a classic: This is actually the MAIN PLOT of that movie.
Yes, that's right. Think about it. It makes much more narrative sense than anything that happened in Anchorman. Somebody had the COJONES to cut out the very main plot of the movie and compile a movie of just subplots and funny scenes into a cult classic rivalling Monty Python's Holy Grail.
If someone hadn't made that decision somewhere down the path we would have ended up with just another SNL generic yawnfest and Anchorman would have had the 6.1 rating, not WURB - which as an ADDENDUM to Anchorman is quite enjoyable.