Walter Cronkite not expected to recover, family says

Legendary CBS newsman Walter Cronkite III, once regarded as the "most trusted man in America," is on his deathbed suffering from a respiratory illness and not expected to recover, his family said in a prepared statement published Saturday.

"In order to dispel false rumors, Walter Cronkite's family want it known that, sadly, he is very ill and is not expected to recuperate; he is resting at home surrounded by family, friends and a wonderful medical team," the statement read. "We thank everyone for their prayers and good wishes."