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      POLITICO: Tom Wheeler to be nominated to head FCC

      Photo: CTIA

      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.