Michael Powell was named FCC chairman in 2001 by President Bush after serving as a commissioner since 1997.
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 â€” son of outgoing Secretary of State Colin Powell â€” 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.
This head of the FCC will always be infamous for allowing large companies to swallow up local media. There is less variety of information and opinion than any time in our history. How interesting that the Republicans at the turn of the last century were battling monopolies and at the turn of this century helping to recreate them. :-(