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Michael Powell Resigning!

Modeps

Modeps

Lifer
:thumbsup:
Text

NEW YORK - Federal Communications Commission Chairman Michael Powell will step down from his post Friday, CNBC confirmed.

Early Friday, The Wall Street Journal reported The FCC top man ? son of outgoing Secretary of State Colin Powell ? would resign. The editorial cited no reason, nor did it name a source for the information.

An FCC spokesman was not immediately available to comment.

Powell, a Republican was named chairman in 2001 by President Bush, after serving as a commissioner since 1997.

Some of the issues that have come to the forefront during his tenure include the concentration of media ownership among a smaller number of companies and regulations that govern telecommunications competition.
Reuters contributed to this report.
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thought Mike announced his retirement like half a year ago and many wondered if his replacement would be as anti-regulation as he was
 
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