Penn State Planning Joe Paterno Exit: Report

REPORT: Penn State Planning Joe Paterno's Exit

According to The New York Times, Penn State is preparing for the exit of longtime football coach Joe Paterno in the wake of the sexual abuse scandal involving former assistant coach Jerry Sandusky.

The Times' report came less than an hour after Paterno's weekly press conference was cancelled early Tuesday afternoon. Scott Paterno, the coach's son, informed the Associated Press that the press conference had been cancelled at the insistence of University President Graham Spanier's office.

Two high-ranking officials -- Tim Curley and Gary Schultz -- have already stepped down from their positions in the wake of the scandal.

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