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said he will retire at the end of this season. after questions were raised about what he did and what he failed to do after a longtime assistant coach was accused of sexually abusing boys, some of them on campus. tonight, there is also word that the university president may be the next out the door. our chief investigative correspondent armen keteyian has the latest from state college, pennsylvania. reporter: paterno made his announcement in a five-paragraph statement that said in part, i am absolutely devastated by the developments in the case. i grieve for the children and their families, and i pray for their comfort and relief. everybody hustle! let s start it off right! reporter: paterno made only a passing reference to the decision that triggered his departure after 46 seasons as head coach. to tell his superiors, but not police, of an alleged sexual assault of a young boy, perhaps as young as 10, in 2002. in the football locker room shower by former defens ....