POLITICO is reporting that President Barack Obama will nominate Tom Wheeler, a venture capitalist and lobbyist, to Federal Communications Commission chairman.
Wheeler is former head of the Cellular Telecommunications & Internet Association and the National Cable Television Association. Since 2005, he has been a venture capitalist at Core Capital Partners.
Wheeler would replace outgoing chairman Julius Genachowski, who announced in March he would be stepping down.
The Associated Press contributed to this story.