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Statement from Rodney Erickson

Updated: July 23, 2012, 10:52 AM ET
Associated Press

The tragedy of child sexual abuse that occurred at our University altered the lives of innocent children. Today, as every day, our thoughts and prayers continue to be with the victims of Mr. Sandusky and all other victims of child abuse.

Against this backdrop, Penn State accepts the penalties and corrective actions announced today by the NCAA. With today's announcement and the action it requires of us, the University takes a significant step forward.

The NCAA ruling holds the University ...

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