We have white smoke.
Over the span of two days, 115 eligible cardinals participated in a series of votes to find a replacement for Pope Benedict XVI. The final decision required two-thirds majority, and it reportedly took anywhere from four to six different attempts before a consensus was reached.
After becoming the first pope in nearly 600 years to step down from his post, Benedict opted not to participate in the voting process. He cited health issues for his absence.
The new pope will greet the masses from the balcony of St. Peter's Basillica very shortly.
After the initial celebratory period, he will have to get right to work. He inherits a church that is dealing with many problems, financial and otherwise, that need to be resolved quickly.
Sttay tuned, we'll update this article with fresh video and news when the new pope is revealed.
Cardinal Jorge Mario Bergoglio from Argentina is elected pope - live video
— Breaking News (@BreakingNews) March 13, 2013