JIM LEHRER: Did you have access to video of what was actually happening in the compound, et cetera?
LEON PANETTA: We had live-time intelligence information that we were dealing with during the operation itself.
JIM LEHRER: Did you actually see - or did you actually see Osama bin Laden get shot?
LEON PANETTA: No. No, not at all. We - you know, we had some observation of the approach there, but we did not have direct flow of information as to the actual conduct of the operation itself as they were going through the compound.
JIM LEHRER: What about at the White House situation room where President Obama was? Did he have any - was he seeing anything, any actual time, real-time action going on as well?
LEON PANETTA: I think they were viewing some of the real-time aspects of this as well in terms of the intelligence that we were getting.
JIM LEHRER: So do you think the - did the president see the shots fired at Osama bin Laden?
LEON PANETTA: No. No, not at all. I think we - you know, we saw from, you know, some of the operations that we knew that the helicopters had - were on the ground, that the teams were going into the compound. And that was the kind of information that we were following.
Once those teams went into the compound, I can tell you that there was a time period of almost 20 or 25 minutes where we - you know, we really didn't know just exactly what was going on. And there were some very tense moments as we were waiting for information. But finally, Adm. McRaven came back and said that he had picked up the word "Geronimo," which was the code word that represented that they got bin Laden.
http://www.pbs.org/newshour/bb/terrorism/jan-june11/panetta_05-03.html
They all watched it. They did not see OBL shot. That is what he is saying very clearly. Just because they were watching what was transmitted, not every aspect of the operation was transmitted uninterrupted