As FCC Chief’s Term Nears End, Speculation Grows Over Possible Successor
From The Curious Capitalist
February 21, 2013 - 10:00am
On June 30th, Federal Communications Commission chairman Julius Genachowski’s five-year term will expire, which has led to speculation that Genachowski might soon announce his departure. Although the FCC chair is not a cabinet-level position, D.C. chatter is already flying fast and furious about Genachowski’s replacement, because the FCC holds broad regulatory power over the most important media, communications, and technology companies in the United States. There is particular focus on Genachowski’s future in part because his term at the FCC has been so contentious. Throughout his tenure, he has tried to thread a centrist needle on issues like broadband policy, industry competition, and media consolidation. In doing so, he has managed to annoy almost every constituency, from public interest groups that have pushed for a more activist FCC, to industry giants who have bristled at some of his decisions. For example, Genachowski’s decision to approve Comcast’s purchase of NBCUniversal dismayed media reform advocates. On the other side of the ledger, his rejection of AT&T’s proposed purchase of T-Mobile infuriated AT&T CEO Randall Step...
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