When I run "sudo apt-get update" within the terminal, I get this error, how do I fix this?

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This usually means that you have repositories activated that don't exist anymore, at least on the mirror you are using. Please post the complete output of the update command and the content of your /etc/apt/sources.list file.

# deb cdrom:[Ubuntu 14.04.4 LTS _Trusty Tahr_ - Release amd64 (20160217.1)]/ trusty main restricted

# See http://help.ubuntu.com/community/UpgradeNotes for how to upgrade to
# newer versions of the distribution.
deb http://archive.ubuntu.com/ubuntu trusty main restricted
deb-src http://archive.ubuntu.com/ubuntu trusty main restricted

## Major bug fix updates produced after the final release of the
## distribution.
deb http://archive.ubuntu.com/ubuntu trusty-updates main restricted
deb-src http://archive.ubuntu.com/ubuntu trusty-updates main restricted

## N.B. software from this repository is ENTIRELY UNSUPPORTED by the Ubuntu
## team. Also, please note that software in universe WILL NOT receive any
## review or updates from the Ubuntu security team.
deb http://archive.ubuntu.com/ubuntu trusty universe
deb-src http://archive.ubuntu.com/ubuntu trusty universe
deb http://archive.ubuntu.com/ubuntu trusty-updates universe
deb-src http://archive.ubuntu.com/ubuntu trusty-updates universe

## N.B. software from this repository is ENTIRELY UNSUPPORTED by the Ubuntu
## team, and may not be under a free licence. Please satisfy yourself as to
## your rights to use the software. Also, please note that software in
## multiverse WILL NOT receive any review or updates from the Ubuntu
## security team.
deb http://archive.ubuntu.com/ubuntu trusty multiverse
deb-src http://archive.ubuntu.com/ubuntu trusty multiverse
deb http://archive.ubuntu.com/ubuntu trusty-updates multiverse
deb-src http://archive.ubuntu.com/ubuntu trusty-updates multiverse

## N.B. software from this repository may not have been tested as
## extensively as that contained in the main release, although it includes
## newer versions of some applications which may provide useful features.
## Also, please note that software in backports WILL NOT receive any review
## or updates from the Ubuntu security team.
deb http://archive.ubuntu.com/ubuntu trusty-backports main universe multiverse restricted
deb-src http://archive.ubuntu.com/ubuntu trusty-backports main universe multiverse restricted

deb http://archive.ubuntu.com/ubuntu trusty-security main restricted
deb-src http://archive.ubuntu.com/ubuntu trusty-security main restricted
deb http://archive.ubuntu.com/ubuntu trusty-security universe
deb-src http://archive.ubuntu.com/ubuntu trusty-security universe
deb http://archive.ubuntu.com/ubuntu trusty-security multiverse
deb-src http://archive.ubuntu.com/ubuntu trusty-security multiverse

## Uncomment the following two lines to add software from Canonical's
## 'partner' repository.
## This software is not part of Ubuntu, but is offered by Canonical and the
## respective vendors as a service to Ubuntu users.
# deb http://archive.canonical.com/ubuntu trusty partner
# deb-src http://archive.canonical.com/ubuntu trusty partner

## This software is not part of Ubuntu, but is offered by third-party
## developers who want to ship their latest software.
deb http://extras.ubuntu.com/ubuntu trusty main
deb-src http://extras.ubuntu.com/ubuntu trusty main

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OK, I fixed it.
http://www.omgubuntu.co.uk/2016/03/f...t-error-ubuntu

Thanks for posting the solution.
Please mark this thread as solved using the thread tools at the top of the thread.