U.S. Federal Communications Commission to investigate exclusive cell phone deals, backs broadband stimulus

The Senate Commerce Committee approved Julius Genachowski as chairman of the U.S. Federal Communications Commission. He favors using $7 billion of stimulus money to extend broadband Internet service to consumers who lack access now, a view backed by big telecommunications and cable companies.

Genachowski held various positions at Barry Diller’s IAC/InterActiveCorp and co-founded technology investment firm Rock Creek Ventures. He also served on the boards or as advisers to Ticketmaster (TKTM.O), Web.com (WWWW.O), The Motley Fool, Beliefnet, Truveo, and Rapt...