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FCC Chairman Genachowski to step down

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FCC Chairman Genachowski to step down
Submitted by Fox First at Ten on March 22nd

By PETER SVENSSONAP Technology Writer

NEW YORK (AP) - The chairman of the Federal Communications Commission, Julius Genachowski, is resigning in the "coming weeks."

The country's top telecommunications regulator told a staff meeting of his decision Friday morning. His impending departure was reported Thursday by several news outlets.

The 50-year-old Genachowski has hewed a middle line between the desires of public-interest groups and the telecom industry, which hasn't enamored him to either side.

His departure will follow that of Republican Robert McDowell, which leaves the five-member commission with a 2-1 Democratic majority until President Obama appoints a new chairman and commissioner.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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