Governor Paterson has announced he will, as expected, that he will not run for governor this year, "Today I'm announcing I'm ending my campaign for the governor of New York. I cannot run for office and manage the state's business at the same time. Right now New York State needs a leader full-time." However, he did not resign, pointedly saying, "There are 308 days left in my term—I will serve every one." Below, liveblog of his press conference.

3:11 p.m.—Where is Governor Paterson? The media is still waiting!

3:13 p.m.—He's at the lectern, wife Michelle Paige Paterson is behind him, and he begins by saying that his greatest privilege over the past 25 years has been serving the people of New York. He's ticking off his accomplishments (helping female and minority business owners) —and challenges, such as the budget.

3:18 p.m.—Paterson is not resigning—he's just not going to run for governor this year, as expected. A rough transcription: "There's more work to do. I am being realistic about politics... Therefore, there's a time in politics when you can't strive for service and you have to step back. Today I'm announcing I'm ending my campaign for the governor of New York. I cannot run for office and manage the state's business at the same time. Right now New York State needs a leader full-time."

Regarding the abuse allegations against his aide—and his own and the State Police's involvement in talking to the accuser—Paterson said, "I'm looking forward to a full investigation" into his and the State Police's actions, adding, "I've never abused my office not now not ever and I believe that when the facts are reviewed, the truth will prevail. There are 308 days left in my term—I will serve every one."

3:20 p.m.—During the brief Q&A, Paterson was asked if he felt he was getting a raw deal and he took the time to slam the media's coverage, "I signed up for public service, this is what happens in public service... I was disturbed that for three weeks that rumors were commanding attention" on the front pages of newspapers, pointing out he and wife Michelle were disparaged about things that weren't true. Yeah—blame the media!