“Michael K. Powell will step down as chairman of the Federal Communications Commission after nearly four often-rocky years as the government’s top media and telecommunications regulator, the agency has confirmed.
Powell, 41, the son of outgoing Secretary of State Colin L. Powell, informed his bureau heads this morning of his decision, which he said was not spurred by another job offer, according to an FCC source who asked not to be identified. The chairman’s exit likely will come within three months, said the source. The announcement is expected to come at around noon today [...]”
SOURCE: Wash. Post