Finally, someone who might actually understand the Internet will be taking charge of the thus-far lackadaisical government body that plays the largest role in spurring its growth.

The Washington Post is reporting that Julius Genachowski (pictured here) will be tapped to take on the always controversial job of chairman of the Federal Communications Commission.

Sources with knowledge of the situation also confirmed the appointment, which will be announced in the next few days, to BoomTown.

Genachowski has previously worked for the FCC as its chief counsel under former FCC Chairman Reed Hundt. But he is better known to Silicon Valley as a longtime Internet exec at Barry Diller’s IAC/InterActiveCorp (IACI).

He is now a founder of a Washington, D.C.-based venture firm called LaunchBox Digital, which has invested in a plethora of unusually trendy Web 2.0 companies.

One of its investments, the social news aggregation service Socialmedian, was recently acquired by the German-based business networking site Xing for $7.5 million.

And Genachowski is also a co-founder and managing director of Rock Creek Ventures, another venture firm, and a special adviser at General Atlantic.

Perhaps most notably, he went to law school with President-Elect Barack Obama.

Thus, Genachowski worked the tech sector tirelessly for Obama’s election, along with organizing the campaign’s successful social-networking and online fund-raising campaign.

He was also clearly on the short list to be America’s first chief technology officer, which might be too light on policy-making and too heavy on pontificating for Genachowski’s tastes.

As top telecom and, really, Internet regulator, Genachowski will have a lot more power and even more on his plate, including the rocky shift from analog to digital television, now set to take place next month, as well as dealing with net neutrality and a range of other key Web issues.

But top of the agenda will likely be how to make real Obama’s promise to drastically improve broadband access across this nation and lowering prices.

The slow speeds and high costs are an appalling legacy of Washington regulators and politicians, who have lived too long and too deep in the pockets of big telecom companies.

That has made the U.S. exactly what Softbank founder Masa Son once called in an interview I did with him at a D: All Things Digital conference: the “Third World of broadband.”

Hey, Julius, you’ll fix that, right?

I have no idea, nor do I know why Burda broke out into song either–how much do you have to love a media mogul willing to do that?

But I got it all on video and a whole lot more on the last day of the pre-Davos European gathering focused on digital issues and innovation.

(And here is a post by European serial entrepreneur Martin Varsavsky, who apparently thinks his video shows that Accel Partners’ Simon Levene and I were not impressed enough by Campbell.)

In any case, DLD’s motto was: “Uploading the 21st Century.” And while it did not quite do that, there were definitely a lot of interesting moments I captured for your viewing pleasure.

Along with Campbell (who was supposed to appear on a panel on Africa, but did not) and a singing Burda, the video features clips from two sessions today.

The first was titled “Exploding Media” and included: pundit Clay Shirky riffing on flash mobs; a very funny clip of kids talking about television (made by Technorati’s Peter Hirshberg); Google’s Marissa Mayer noting that Google will still not be in the content business; Yahoo’s Bradley Horowitz discussing Yahoo’s plans to de-focus on making original content; and BuzzMachine blogger Jeff Jarvis advising old media to just ask WWGD? (What would Google do?).

Another session on the video features the founders of the genetics-focused social-networking company 23andMe–Anne Wojcicki, Linda Avey and Esther Dyson–answering questions about fears people have about learning too much about DNA.

Here is the video (and now I am off to Hamburg to visit Xing, a business social-networking company):

The three-day conference focuses on digital innovation, science and culture. It is chaired by publisher Hubert Burda and serial Israeli investor Joseph Vardi and hosted by Stephanie Czerny and Marcel Reichart.

I was here to interview Kenneth Roth, the executive director of Human Rights Watch. In our session this afternoon, we talked about digital tools to improve reporting on human-rights abuses, the situation in China for U.S. Web companies like Yahoo and Google, along with what techies can do to help in this important arena.

I also hung around the conference and schmoozed, Eurostyle!, with a lot of folks, including Mahalo’s Jason Calacanis, BuzzMachine’s Jeff Jarvis and Vardi.

There is also some video from an interesting social-networking panel, featuring Matt Cohler of Facebook, Lars Hinrichs of Xing and Joanna Shields of Bebo.

Added bonus: I also got the no-comment-hand-over-camera move from Facebook’s Brandee Barker, but a promise of German beer!

Here’s the video:

The rumors have been a-flyin’ recently about the reported talks between LinkedIn and News Corp.

Billing itself as the “professional” social network, the serious cousin to the party-hearty twins of MySpace and Facebook, the LinkedIn service is squarely aimed at those with a task in mind from networking to recruiting to career advancement.

In many ways, it is trying to be a business classified service with online presence and connection elements woven in. LinkedIn execs, in fact, throw around the term, “productivity tool,” much in the same way Facebook likes to talk about the joys of “SuperPoking” (by the way, not so joyful to adults).

With 16 million users from all sorts of sectors and spread out globally, LinkedIn getting a look-see by News Corp. makes a lot of sense. It just bought Dow Jones (owner of this site) and its flagship business newspaper The Wall Street Journal, and owns many newspapers, all of which need an online answer to the diminishing print employment-classified business.

In any case, I talked to newly installed LinkedIn CEO Dan Nye recently (before the recent rumors) about the company:

(I still am having problems with the Brightcove player, so I uploaded the video to YouTube.)

Better still, LinkedIn–which was founded by serial entrepreneur Reid Hoffman–actually makes some money on its premium services and listings, with revenues of $10 million in 2006. Company execs predict that revenue will grow to $75 million to $100 million next year.

That’s pocket change to a giant like News Corp., of course, although figures floated for the deal top $1 billion–a lofty number whose floaters are probably its investors looking to cash in.

That might be too pricey for News Corp., whose efforts in the arena are apparently being led by Executive Vice President Jeremy Philips. It has also looked at similar companies like Germany’s Xing (before the News Corp. purchase, Dow Jones was also reportedly eyeing Xing) and other such sites.

In addition, Hoffman and others at LinkedIn have talked about an IPO.

That possibility and any acquisition remains to be seen. LinkedIn Nye, who took over from Hoffman recently (the founder remains the company’s chairman), seems pretty confident.

In a piece published yesterday, Nye told Fortune’s Adam Lashinsky that it would take “a helluva lot” to get LinkedIn off the independent path. Well, we’ll see what a helluva weighs, I guess.