What was the news?
The Millennium Bug.

How was this news?
Two thousand years were about to end in the 1990s. We'd all celebrated New Year's before, and seen more than one or two decades go by (stop reading if you haven't, this is PG-13). Even a select few of us are lucky enough to live over 100 years, or cursed by a painting. But, this was "Dick Clark's Rock Hard New Year's Event of 19Goddamn99, Jabronies!." The odometer rolling over into a whole new number. And, damn were some people into it. Jennifer Lopez waited for tonight, Will Smith sampled the name. And Prince, true to form, was ahead of his time. Despite being the construct of a guy who would soon hate March 15, then a Pope who had to fix it, people gave a nearly supernatural significance to the upcoming year of 2000.