Gov. Schwarzenegger says he'll give up the millions he arranged for just days before taking office. His statement:

Statement by Governor Schwarzenegger
Regarding American Media

Governor Arnold Schwarzenegger today made the following statement:

"For more than 35 years I have had an extraordinarily close personal and business relationship with Weider Publications.

"Given that bodybuilding and fitness have been central to my life I saw no reason to discontinue that relationship when the franchise was sold in 2003.

"When I became Governor I pledged to put the people of California front and center. I don't want there to be any question or doubt that the people have my full devotion.

"Therefore, effective today I will relinquish my title as executive editor and forego any compensation from the magazines. I will continue to promote weight resistance training, health and fitness for all through any avenue that is available to me as I have done my entire life."

Previously: Arnold story spreads