The rumors became reality today as the FCC announced the creation of the Media Bureau, to be led by current cable bureau chief Ken Feeree. Within the new bureau will be the Office of Broadcast License Policy, under which the radio-regulating Audio Division will fall. This new division, to be headed by current Mass Media Bureau Chief Roy Stewart, will handle all station-licensing functions for the new bureau. The announcement was made at this morning's FCC meeting by Mary Beth Richards, Special Counsel to Chairman Michael Powell. Powell appointed Richards to lead an FCC reform effort shortly after he was named chairman.