Penn State: Joe Paterno, Graham Spanier Out Immediately

During a press conference Wednesday night, the Penn State Board of Trustees announced that Joe Paterno will no longer be the head coach of the football team, and university president Graham Spanier is out—both effective immediately.

Earlier the same day, Paterno made a statement saying he would retire at the end of the year. 

Attorney General Linda Kelly and Pennsylvania State Police Commissioner Frank Noonan issued the following statements earlier this week concerning the ongoing Jerry Sandusky sex crimes investigation at the university. Sandusky is a former defensive coordinator at PSU charged with sexually assaulting several young boys.

"This is an ongoing investigation and this is also a grand jury investigation, which means there are some details we cannot discuss at this time.

"As we noted earlier, this is a case about a serial sexual predator accused of using his position within community to prey on numerous young boys for more than a decade.

"A large part of this case revolves around the actions of Jerry Sandusky and the criminal charges that have been filed against him for the alleged sexual assaults he committed on eight young boys who were victimized over a period stretching from 1994 to 2009.