Former News Corp Executive Jon Miller Joins Advancit Capital
According to AllThingsD, the former News Corp digital head Jon Miller has joined Advancit Capital as a partner. Advancit is an early-stage investment company started by Shari Redstone and Jason Ostheimer.
Shari Redstone is the daughter of Sumner Redstone, the majority owner of CBS Corporation, Viacom, MTV Networks, BET, and Paramount Pictures. Advancit invested in several companies like Maker Studios, NewsCred, The Business Of Fashion, Oyster, and Circa.
Advancit has raised around $3.2 million in funding according to a regulatory filing from 2011. Miller used to work at Viacom, which is where he first met Redstone. Miller is the first non-family partner at Advancit.