Joe Cavaretta / AP
FCC chairman to resign Friday, CNBC confirms
Reasons for Michael Powell's departure are not yet known
Michael Powell was named FCC chairman in 2001 by President Bush after serving as a commissioner since 1997.
MSNBC staff and news service reports
Updated: 9:46 a.m. ET Jan. 21, 2005
- 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.
Powell, a Republican was named chairman in 2001 by President Bush, after serving as a commissioner since 1997.
Some of the issues that have come to the forefront during his tenure include the concentration of media ownership among a smaller number of companies and regulations that govern telecommunications competition.
Reuters contributed to this report.