The online edition of The Wall Street Journal, citing an unnamed source, reported that Obama will nominate Genachowski as FCC chairman.
Genachowski, a former Harvard Law School classmate of Obama's, worked at the FCC during the Clinton administration and is a former executive at IAC Interactive Corp. Currently a technology adviser to the president-elect, Genachowski also co-founded Washington, D.C.-based venture capital firm, LaunchBox Digital.

Genachowski helped draft Obama's technology plan, which includes support for creating more widespread and affordable Internet access, and more diverse media ownership rules. He was long thought to be on the short list of candidates to head the FCC.