FCC Chairman Announces Exit Friday

Genachowski announcement comes two days after Commissioner McDowell

Well, that was fast. Federal Communications Commission Julius Genachowski announced Friday he is leaving the agency just two days after Republican Commissioner Robert McDowell said he would bow out in a few weeks.

Like McDowell, Genachowski avoided giving a precise exit date but said he would step down in the coming weeks.

"It has been a profound honor and great privilege to serve in the post for four years," said Genachowski before a room full of FCC staffers. 

It has been long rumored that Genachowski, who was named chairman in 2009 by his former law school classmate President Barack Obama in 2009, would serve only one term at the FCC.

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