FCC Chair Powell may quit by Fall - Time Reports

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B2568E2D8%2D5201%2D4B9E%2D826A%2D8D72FF607688%7D&siteid=mktw

Here's the tip I found at CBS Marketwatch (who actually do a pretty good job reporting economic and business news)
<snip>
FCC chairman Powell may leave by fall-Time Magazine By Greg Morcroft
NEW YORK (CBS.MW) -- Federal Communications Commission chairman Michael Powell may leave his post by the fall, according to a report by Time magazine. The report cited industry sources as saying, "Powell has told confidants he'd like to leave by fall, and three of his four top staff members are putting out job feelers." Powell has denied he's leaving soon. According to the report's sources, Powell's most likely replacement is either Rebecca Klein, who is head of the Texas public-utility commission or FCC commissioner Kevin Martin.
</snip>

I looked for more confirmation at Time, this is what I found:
http://www.time.com/time/magazine/article/0,9171,1101030728-465798,00.html
<snip>
Populist outrage is threatening to undo a controversial effort by the FCC to loosen restraints on media megaliths. In the Senate last week, seven Republicans joined 28 Democrats to schedule a rare "resolution of disapproval" to overturn new FCC rules that would let companies like News Corp. and Viacom expand their media holdings in local markets. Then in the House, defecting Republicans fueled a 40-to-25 committee vote to reverse part of the FCC's action. Now it appears that the chief architect of those rules, FCC chairman Michael Powell, may not stick around for the fight. According to industry sources, the son of Secretary of State Colin Powell has told confidants he'd like to leave by fall, and three of his four top staff members are putting out job feelers. (Powell has denied he's leaving soon.) His most likely replacement, sources say, is either Rebecca Klein, who is head of the Texas public-utility commission and was on the staff of Governor George W. Bush, or FCC commissioner Kevin Martin, who helped the Bush team count votes in Florida in 2000.
</snip>

It's too bad - - Mikey Mike could have been (and one say still may be) a contender. He bit off more than he could chew as FCC head, though.

It's like some spoiled rich kid said to his daddy "hey! I watch a lot of TV, so why don't you get me a job as head of CBS???" And his dad did it.

The problem is that the kid had no experience in running a business.


At every turn, Mikey Mike has been a tool of Corporation America.

hit your ass on the way out!

I think I'd rather Mike stay....

n/t

Which is consolidate. Now that he's done, he can get out. This is par for the course for Bush's appointments. Get in, slash and burn real quick and get out in record time and leave the mess for your successor to clean up. Look at Renquist's mess at DHHS for further evidence of these tactics...

I'm sure Rupert Murdoch will be taking very good care of Michael. He probably has a corner office set up already.

Please continue here:
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=24353&mesg_id=24353&listing_type=search



Thanks,
UMCWB
DU LBN Moderator