became no more. this was the last day of publication for the chicago daily news. many of its employees are now out of work. some will join the news sister paper. there is a bitter element there, too. many workers have been fired to make room. one of those making the move from dwt daily news the to the sun times, is tom. chicagoans don t realize what they are losing. it is easily one of the test best papers in america today. chicagoans don t know that because chicagoans don t spend that much time reading some of the bad papers find all over this country. in very important cities. all these years later the culprits for the industry remain, declining readership and fallinging advertise revenue. pew poll from 2010 found one in four adults read a print paper on any given down, down from 38% four years earlier. principle newspaper ad revenue fell by two-thirds from $60
sensitive equipment and illegal immigration in the center of arizona history. you re in the situation room. captions by vitac www.vitac.com we begin with the breaking news. political and financial chaos within the european union, sending fresh shock waves through wall street and world financial markets. stocks plunging in new york today on all three indices with the dow tumbling about 400 points amid a growing debt crisis in italy. and the third largest in europe. let s bring in our own financial expert, cnn s erin burnett, the host of erin burnett outfront. the markets taking a major tumble today because of what s happening in italy, is that right? that really is the reason why. europe continuing to not dealing with its problems. right around 388 points to the downside as the final trades come in. what s happening in europe is causing all kinds of problems. general motors came out and said we can t even put out forecasts for what we re going to do in europe and as