It broke as do so many stories that burst upon the 24/7 media scene these days -- with a tweet, followed by nearly 3,000 retweets.

The Associated Press (@AP) tweeted at 9:26am -- 13 May 15: "BREAKING: Vatican officially recognizes `state of Palestine' in new treaty."

A major diplomatic step forward for Palestinians in their quest to establish an independent state, right?

Sure sounds like it. But no, although clearly another international boost for the Palestinians, it was not the groundbreaking achievement the initial Tweet implied.

That's because the Vatican actually recognized Palestine as a state in 2012. What happened this time was the Vatican referred to Palestine as a state, a reaffirmation at most, in a new treaty between the two entities concerning Church interests in the Holy Land. (The Vatican recognized Israel in 1993.)

What it was, instead, is another example of how the ultra-competitive race to be first to break news too often results in incomplete information that, for a spell, sets the journalistic world abuzz for no good reason.