The NYT is reporting:

ALBANY - Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring, an administration official said this morning.

Mr. Spitzer, who was huddled with his top aides inside his Fifth Avenue apartment early this afternoon, had hours earlier abruptly canceled his scheduled public events for the day. He scheduled an announcement for 2:15 after inquiries from the Times.

Mr. Spitzer, a first term Democrat who pledged to bring ethics reform an end the often seamy ways of Albany, is married with three children.

Just last week, federal prosecutors arrested four people in connection with an expensive prostitution operation. Administration officials would not say that this was the ring with which the governor had become involved.

But a person with knowledge of the governor’s role said that the person believes the governor is one of the men identified as clients in court papers.

More here.

For continuous updates and comprehensive information (with lots of links) on this situation check here.

Video of Spitzer’s news conference:

The only comment I will add here is that if the Governor believes this is really just a private matter then he is sadly mistaken. By his alleged actions he has thrust himself, but more imnportantly his family into the very public spotlight.

This post is not offered to presume guilt or innocence on the part of the Governor, just to pass on the news.