Ron Burgundy is a famous anchorman in 1970s San Diego. When Veronica Corningstone, a female news reporter, joins his news team, they become fierce rivals both on and off the air. The rivalry escalates, leading to a big fight between news teams. Veronica sabotages Ron by changing the words on his teleprompter, leading to his firing. Three months later, Ron is unemployed and friendless, while Veronica has become famous. However, when Veronica is pushed into a bear enclosure, Ron comes to her rescue and they reconcile. They later become co-anchors for a CNN-esque news show.
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