"Joe Paterno is no longer the head football coach"

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At 10pm tonight, the Board of Trustees of Penn State University held a press conference at which they announced that "Joe Paterno is no longer the head football coach effective immediately."

Tom Bradley has been named the interim head coach. 

The board stated that they are aware of no other planned changes to the staff composition and specifically stated that both Mike McQueary and Jay Paterno remain in their positions. 

The University President was also relieved of his relieved of his responsibilities.