In little more than a year, Angela Rae has helped turned WFOR from a ratings joke into a serious contender. In the last ratings period, Channel 4 was the number-one station at 11:00 p.m., an advance largely owing to Rae's presence at the anchor desk. She is bright (packing a law degree from the University of Virginia), articulate (a rarity among anchors in these parts), and quick-witted (even rarer). When Rae joined the station in 1995, it was immediately apparent she was someone who could make an impact. The only thing standing in her way were the pinheads who manage Channel 4. They refused to promote her. Only after she made it clear she was ready to leave the station did they move her into the anchor slot with Steve Wolford, a pleasant enough fellow but hardly a reason to stay up late. Rae, on the other hand, is more than enough reason to lose a little sleep.