President-elect Barack Obama is planning to nominate former IAC executive Julius Genachowski as FCC Chairman, according to the Wall Street Journal. IAC is the parent company of Ask.com.
Before his stint at IAC, Genachowski was Chief Counsel to Chairman Reed Hundt of the Federal Communications Commission under the Clinton administration. He is a former classmate of Mr. Obama's at the Harvard Law School and most recently co-founded DC-based venture capital firm, LaunchBox Digital.
Genachowski has sat on the boards of Expedia, Hotels.com and Ticketmaster. He currently serves on the boards of Beliefnet, The Motley Fool and Website Pros.
If approved by Congress, Genachowski will face a number of challenges including national broadband, white space spectrum issues, and the changeover to digital television.