Obama selects former Harvard classmate to head FCC

U.S. President-elect Barack Obama has selected Julius Genachowski, a technology executive and former classmate from Harvard Law School, to lead the Federal Communications Commission, a Democratic source said on Monday.

Genachowski served as chief counsel for former FCC Chairman Reed Hundt, the chairman under former President Bill Clinton, and held various positions at IAC/InterActiveCorp (IACI.O), as well as other technology posts.

Genachowski, who has been advising Obama, had been considered the front-runner for the job.

The FCC oversees U.S. telecommunications regulation and policy. Its reach includes regulation of telephone and cable companies; oversight of concentration of ownership of radio, television outlets, and auctioning public airwaves.

via UPDATE 1-Obama selects former Harvard classmate to head FCC | Reuters.

I hope he breaks up the Clear Channel Communications monopoly so we get more variety of views on the big stations.