Updated 12:35 p.m. Falwell is dead, according to CNN.
The Rev. Jerry Falwell was found unconscious in his office at Liberty University around noon Tuesday.
The News & Advance in Lynchburg, Va., reports that Falwell has been taken to Lynchburg General Hospital.
Falwell, 73, is "gravely ill," according to CNN.
Falwell graduated from Baptist Bible College in Springfield in 1956.