Thursday, July 30, 2015

Ex-FCC boss joins buyout giant Carlyle, will target media firms

Julius Genachowski joins Carlyle

Ex-FCC boss joins buyout giant Carlyle, will target media firms

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In this photo made Friday, March 12, 2010, FCC Chairman Julius Genachowski is interviewed at his office in Washington. (AP Photo/Jacquelyn Martin)
In this photo made Friday, March 12, 2010, FCC Chairman Julius Genachowski is interviewed at his office in Washington. (AP Photo/Jacquelyn Martin)

Carlyle Group, the Washington-based outfit that owns the Philadelphia Energy Solutions refinery complex, Manor Care old folks' homes, PQ chemicals, and, formerly, Dunkin' Donuts and Hertz auto rentals, has hired Julius Genachowski, the Obama appointee formerly charged with trying to regulate Comcast, Verizon and other media giants when he was chairman of the Federal Communications Commission.

Genachowski, an executive at IAC/InterActiveCorp. (the folks behind Ticketmaster and USA Network) before his four-year stint at the FCC, "will focus on investments in global technology, media and telecom, including Internet and mobile," according to this statement by $180 billion-asset Carlyle.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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