CNN aired a report about the devastating impact the auto industry is having on soaps, specifically because they are pulling advertising.
Of particular alarm to soap fans should be the news that the US Senate, in an effort led by Republicans, blocked the $14 billion emergency aid package to the Big Three automakers. This move now all but guarantees that Chrysler and General Motors will declare bankruptcy within weeks if they do not get a part of the $700 billion bailout package.
If CNN's player does not appear in your browser, click the "CNN embedded video" link above. Refreshingly, CNN actually reported this story without the usual winking and sarcasm that accompanies most mainstream stories about soaps.