Julius Genachowski to step down as FCC chairman

      Julius Genachowski will setp down as FCC chairman. (Photo courtesy UN mission via Flickr)

      NEW YORK (AP) - The chairman of the Federal Communications Commission, Julius Genachowski, is resigning in the "coming weeks."

      The country's top telecommunications regulator told a staff meeting of his decision Friday morning. His impending departure was reported Thursday by several news outlets.

      The 50-year-old Genachowski has hewed a middle line between the desires of public-interest groups and the telecom industry, which hasn't enamored him to either side.

      His departure will follow that of Republican Robert McDowell, which leaves the five-member commission with a 2-1 Democratic majority until President Obama appoints a new chairman and commissioner.