Reply #19: Powell left to make more money [View All]

[Mel]

http://en.wikipedia.org/wiki/Michael_Powell_(politician)

Later life

Powell resigned as Chairman of the FCC on January 21, 2005. He said that he was glad to spend more time with his wife. In March 2006, Powell became a Trustee of the RAND Corporation. He is now a member of the Board of Visitors at his alma mater, the College of William and Mary. On April 21, 2006, Powell was elected the Rector of the Board of Visitors, making him the first African-American to serve in that post in the College's 313 year history.</snip>

From the Rand site: http://www.rand.org/news/press.06/03.28b.html
Powell is a senior advisor at Providence Equity Capital and chairman of the MK Powell Group. He was appointed a member of the Federal Communications Commission in 1997 and served as FCC chairman from 2001 to 2005.

Providence Equity Capital http://www.provequity.com/
Providence Equity Partners Inc. is a private investment firm specializing in equity investments in communications and media companies around the world. The principals of Providence Equity manage funds with over $9.0 billion in equity commitments, including Providence Equity Partners V, a $4.25 billion private equity fund, and have invested in more than 80 companies operating in over 20 countries. Providence Equity currently has offices in Providence, Rhode Island, London, England, and New York, New York.

Our objective is to create value by building lasting partnerships with talented entrepreneurs and by providing them with the capital, industry expertise and broad network of relationships necessary to build companies that will shape the future of the communications and media industries. To achieve our goal, we invest in companies with compelling growth opportunities and partner with management teams looking for more than capital.

Our current and previous areas of investment include wireless and wireline telephony, cable television content and distribution, publishing, radio and television broadcasting, and other media and communications sectors.

Providence Equity's target investment size per transaction is $20 to $500 million. In addition, the fund's institutional limited partners have co-invested directly with us in transactions that require substantially greater funding.

Ah, lovely he's helping spread the Neo Con corporatista agenda by controlling the medias message world wide.



From the posted article of course he knew about the study, he ordered it, Powell didn't like the results so he had it destroyed.

<snip>The 2003 action sparked a backlash among the public and within Congress. In June 2004, a federal appeals court rejected the agency's reasoning on most of the rules and ordered it to try again. The debate has since been reopened, and the FCC has scheduled a public hearing on the matter in Los Angeles on Oct. 3.

The report was begun after then-Chairman Michael Powell ordered the creation of a task force to study localism in broadcasting in August of 2003. Powell stepped down from the commission and was replaced by Martin in March 2005. Powell did not return a call seeking comment.</snip>