From the Associated Press
andre.kesteloot at verizon.net
Fri Jan 21 09:04:15 CST 2005
Jan 21, 9:46 AM (ET)
WASHINGTON (AP) - Federal Communications Commission Chairman Michael
Powell plans to resign Friday, FCC officials confirmed, ending what's
often been a controversial tenure as he tried to push the telecom and
media industries into an increasingly deregulated world that some
lawmakers, companies and consumer groups didn't like.
The news, first reported on The Wall Street Journal's editorial page
Friday, was something of a surprise coming just one day after President
Bush's inauguration and with some very hefty issues yet to be dealt with
by the FCC. Those issues include how to treat burgeoning Internet phone
services as well as how to overhaul the Universal Service Fund, a
federal subsidy program under financial pressure. The Wall Street
Journal is published by Dow Jones & Co. (DJ
<http://web.ask.com/web?q=quotation+for+DJ+stock+price>) (DJ), publisher
of the newswire used for this report.
Rumors have circulated for months that Powell, who has been on the FCC
since President Clinton appointed him as a commissioner seven years ago,
would step down. Recent conventional wisdom had him leaving in the
spring after at least some of these issues were dealt with.
The FCC is a five-member commission, with a majority representing the
party of the president, in this case, Republicans. Possible successors
discussed have included current Republican Commissioner Kevin Martin.
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