Newsom's out. Here is the official press release.

It is with great regret I announce today that I am withdrawing from the race for governor of California. With a young family and responsibilities at city hall, I have found it impossible to commit the time required to complete this effort the way it needs to — and should be — done.

This is not an easy decision. But it is one made with the best intentions for my wife, my daughter, the residents of the city and county of San Francisco, and California Democrats.

When I embarked on this campaign in April, my goal was to engage thousands and thousands of Californians dedicated to reforming our broken system and bringing change to Sacramento.

I would like to thank those supporters, volunteers, and donors who have worked so hard on my behalf. I have been humbled by their support and am indebted to their efforts. They represent the spirit of change and determination essential to putting California back on the right track.

I will continue to fight for change and the causes and issues for which I care deeply — universal health care, a cleaner environment, and a green economy for our families, better education for our children, and, of course, equal rights under the law for all citizens.

Looks like Mayor Sam was right.

Also, we think the fact that Jerry Brown was annihilating him in the polls and in fundraising had something with his decision to withdraw from the race, in addition to the new little blessing in his life.