NCTA's Michael Powell to Retire

NCTA President Michael Powell is retiring by year-end, the cable industry group said Thursday. He has held the position since spring 2011. Powell, 61, spent a term as FCC commissioner, starting in November 2007, and then served as chairman from 2001 through March 2005. Powell's "strategic insight and commitment have shaped the cable industry’s most significant achievements, and his leadership will be greatly missed," NCTA board Chairman and Cox Communications President Mark Greatrex said. NCTA said it would begin a national search for a successor.