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