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Sounds like after enduring half a day of bad press, and not hiding his disapproval of the Regents' push to retain Durkin, President Wallace Loh said "screw it" and fired him.
We'll see how mad the Regents get at him, since they apparently threatened his job over this anyway, leading Loh to say (1) he wouldn't stand in the way of the Regents' recommendation to keep Durkin, but (2) he'd retire at the end of the school year anyway. So, whatever leverage the Regents had over Loh is vastly diminished now. And weirdly, the Regents ceded the high ground to Loh yesterday anyway, noting that Loh didn't want Durkin to be retained and it was the Regents pushing that. So, when the reaction to keeping Durkin was as (oh-so-predictably) bad as it was, reports are that Loh--relieved of his need to defer to the Regents by his retirement announcement, and seemingly the only person in leadership at Maryland who didn't look completely awful in this debacle--acted unilaterally to fire him.
The Regents seem to be without any good options, from their perspective at least--I think most of us would agree that it's a good thing they seem to have gotten played here. They (1) wanted to keep Durkin, but also presumably (2) don't want Maryland's name dragged through the mud. So do they follow through on their threats to Loh and fire him now? Or do they let it be, realizing how appalling that decision would look now, especially since Loh is out the door in a few months anyway?