• The Wall Street Journal, Tuesday, January 13, 2009 11:46 AM

The Wall Street Journal reports that President-elect Barack Obama intends to nominate Julius Genachowski to head the Federal Communications Commission, the federal organization that governs all media. Genachowski is a former Harvard Law School classmate of Obama's, who previously worked at the FCC during the Clinton administration. After his first stint at the FCC, Genachowski worked at Barry Diller's Internet conglomerate IAC/InterActive Corp. More recently, he co-founded the D.C.-based venture capital firm LaunchBox Digital.

Genachowski also worked as Obama's top technology advisor during the Presidential campaign, where he "expressed support for open Internet or 'net neutrality' protections; media-ownership rules that encourage more diversity; and expansion of affordable broadband access across the country."

Fred Wilson, a prominent venture capitalist with Union Square Ventures, applauded the move. Wilson said that Genachowski, as a fellow VC, a former Internet exec, a close colleague of Obama's, an FCC veteran with D.C. chops, and an all-around intelligent guy who he knows personally, makes a perfect fit for FCC Chairman.

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