Washington -- Federal Communications Commission nominee
Jonathan Adelstein has agreed to divest telecommunications stocks from an asset
portfolio with a reported maximum value of $7 million.
In a March filing with the U.S. Office of Government
Ethics, Adelstein reported owning a range of stocks, mutual funds, and cash instruments valued between $1.8 million and $7 million.
He did not report any liabilities, labeling an Arlington, Va., home mortgage
valued between $50,001 and $100,000 as an asset.
Adelstein was nominated last week by President Bush to fill the second
Democratic seat at the GOP-controlled FCC.
The 39-year-old policy adviser to Senate Majority Leader Tom Daschle (D-S.D.)
breezed through his confirmation hearing Tuesday in less than an