Made famous by radio host Rob Redding, chicken bone news is news that is portrayed as important by the mainstream media, but in the grand scheme of things is unimportant and non-impactful. Mostly used by 24 hour news networks in the middle of the day to hook channel surfers.
A:"Did you hear the terminal at the Birmingham airport was temporarily shutdown after a suspicious person appeared near the airport? The report was unfounded."
B: "Man, that sounds like chicken bone news"