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A long-awaited Anchorman sequel has been confirmed by Will Ferrell, in character as Ron Burgundy on Conan! What better way to make an announcement, right?

Clad in his character’s signature wine-colored suit, Ferrell appeared on Conan last night to say that he and Paramount came to terms on a sequel to Anchorman.

Both Brick Tamland (Steve Carell) and Brian Fantana (Paul Rudd) are slated to return along with Ron, according to reports, though they did not appear last night.

Only the anchor Action4 News anchor himself. Take a look:

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