04/23/2012 04:22 pm ET Updated Apr 24, 2012

'Anchorman 2' Will Tackle 24-Hour News Cycle, Increased Diversity In Late '70s

The hiring of Veronica Corningstone as an "anchor-lady" was just the beginning of the end for the boys of the Channel 4 News Team.

In "Anchorman 2," the sequel to the 2004 cult comedy "Anchorman: The Legend of Ron Burgundy," the station will see more diversity as it moves into the 24-hour news cycle, says Adam McKay, the director of the upcoming film, in an interview with Empire.

"It's right when all the news started changing with the 24-hours news cycle in '78 or '79," McKay explains. "All of a sudden, local news stations diversified and had Latino anchors and African-American anchors, and any time you're talking about diversity and the Action News team, that's always fun to deal with."

Not much else is known about the sequel, and McKay even admits that he and Ferrell have only written "five pages of story notes." He previously told Salon's David Sirota that details of the film are mum, but revealed it would feature a custody battle and something called "bowling for dollars."

One thing does seem clear: That the original plan to bring the sequel to Broadway before turning it into a film has been entirely scrapped, as is sending the news team to space, as Paul Rudd hinted at in the past.

For a while, it looked like the film would not even happen. McKay told The Hollywood Reporter about the extensive battle that led to the greenlighting of "Anchorman 2," which included being told "no" repeatedly by Paramount (which owns the character rights from the first film) for years before they finally agreed to the film. Most of the entire original supporting cast, which includes Rudd, Steve Carell and David Koechner, is expected to return, with a possibility to include Christina Applegate's character Corningstone.