Wednesday, June 17, 2009

FCC: VC nominee wants broadband Stim-funding

VNC reported earlier venture capitalist Julius Genachowski's then-pending nomination to head the Federal Communications Commission under President Barack Obama. Today's WSJ reports that in confirmation hearings this week, Genachowski (at left) said he favors putting about $7Bn of Stim funding into broadband for currently unserved citizens, and is against reinstating the Fairness Doctrine. The Washington Post reports on Genachowski's previous FCC links, his service with Barry Diller of IAC.

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