Anderson Cooper 360

Tonight on AC360: Joe Paterno to retire at season's end

Legendary Penn State head football coach Joe Paterno will retire at the end of the season, he said Wednesday in a statement. Paterno's move comes in the wake of a child sex abuse scandal involving a former assistant football coach.

“I am absolutely devastated by the developments in this case.  I grieve for the children and their families, and I pray for their comfort and relief,” he said.

“I have come to work every day for the last 61 years with one clear goal in mind: To serve the best interests of this university and the young men who have been entrusted to my care. I have the same goal today.

"That's why I have decided to announce my retirement effective at the end of this season. At this moment the Board of Trustees should not spend a single minute discussing my status. They have far more important matters to address. I want to make this as easy for them as I possibly can."

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