Carlyle Group hires former FCC chairman as dealmaker

[alp227]

(Reuters) - Carlyle Group LP (CG.O) said that former U.S. Federal Communications Commission (FCC) Chairman Julius Genachowski would join the private equity firm as a managing director and partner on its U.S. buyout team.

Genachowski, 51, who left the FCC in May after serving as chairman for four years, will focus on technology, media and telecommunications investments, the Washington, D.C.-based firm said in a statement on Monday.

"This is a signal that Carlyle intends to be more aggressive in the technology space by hiring one of the most preeminent executives and investors," said former News Corp (NWSA.O) digital head Jon Miller, who worked with Genachowski at internet conglomerate IAC/InterActiveCorp (IACI.O).

full: http://www.reuters.com/article/2014/01/06/us-carlyle-genachowski-idUSBREA050MX20140106

[pa28]

1. He played ball and now it's time to cash in.

The FCC was a major battleground and we gave it away. Genachowski backed media consolidation at every turn during his tenure and he must now be paid.