State College, Pennsylvania (CNN) -- Coach Joe Paterno and the president of the school have lost their jobs, effective immediately, over a child sex abuse scandal at Penn State, university trustees announced Wednesday night. "What can I say, I'm no longer the coach," Paterno told a crowd of about 15 students gathered outside his house late Wednesday night. "It's going to take some time to get used to. It's been 61 years." The crowd cheered and said, "We love you, Joe." "I love you, too!" Paterno replied. Paterno's wife, Sue, was visibly upset while standing beside him on the front steps.
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NEW: Paterno tells students outside his house, "It's going to take some time to get used to"
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Trustees dismiss Spanier, remove Paterno as head coach immediately
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U.S. Department of Education investigating Penn State
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"With the benefit of hindsight, I wish I had done more," Paterno says
@placeholder's attorney general said it appeared Paterno had met his obligations under state law, but critics have said the coach should have reported the suspected abuse to police.