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 — 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.
