FCC chief Kevin Martin to leave agency

WASHINGTON Thu Jan 15, 2009 5:55pm GMT

Federal Communications Commission Chairman Kevin Martin speaks during a keynote address at the CTIA Wireless convention in Las Vegas, Nevada April 1, 2008.REUTERS/Steve Marcus

Federal Communications Commission Chairman Kevin Martin speaks during a keynote address at the CTIA Wireless convention in Las Vegas, Nevada April 1, 2008.

Credit: Reuters/Steve Marcus

WASHINGTON (Reuters) - Kevin Martin, a Republican who chaired the U.S. Federal Communications Commission for four years, said on Thursday he would be leaving the agency when the new administration takes over.

Martin, who had been a controversial figure for his strong stances on cable regulation and some other issues, could have stayed on as a member of the five-voting member independent regulatory body.

But President-elect Barack Obama's team will name the FCC chairman, which has much more power than the other four commissioners, setting the agenda and controlling a vast staff.

Martin gave no other details on the timing of his plans.

(Editing by Maureen Bavdek)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.