Genachowski nominated as FCC chair

President Barack Obama officially announced Tuesday the nomination of Julius Genachowski for chairman of the Federal Communications Commission. Genachowski, who had been rumored to be Obama's pick since December 2008, served as a technology advisor to Obama during his successful presidential run, and the two have known each other since attending Harvard Law School together in the late 1980s.

Genachowski has extensive experience in telecommunications, as he was chief counsel to former FCC chairman Reed Hundt, is managing director at technology venture capital firm Rock Creek Ventures, and served as an executive at Barry Diller's InterActiveCorp. For eight years.

"(Genachowski) will bring to the job diverse and unparalleled experience in communications and technology, " Obama said in a statement. 

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