Federal Communications Commission Chairman Reed Hundt announced Tuesday that he is resigning to spend more time with his family and has asked President Clinton to begin searching for his replacement. Hundt will remain in his post until a suitable replacement is found. Hundt has headed the FCC since November of 1993, and his term was due to expire in June of 1998. He served as the top US communications regulator for a period which included the passage of Telecommunications Act of 1996 and the first broadcast spectrum auctions, which raised $20bn for the national treasury.
